{
    "success": true,
    "data": {
        "leverage": false,
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "ucits": true,
        "type": "ETF",
        "complex_factors": [],
        "classification": "non-complex",
        "supporting_data": "The ETF aims to achieve a return that reflects the S&P 500 Capped 35/20 Information Technology Index. It is a UCITS ETF and uses physical replication, holding the underlying equity securities. The investment policy indicates it is passively managed and invests in equity securities that make up the index. There is no mention of derivatives being integral to the strategy, or any other complex features like leverage or embedded derivatives. The index itself is described as measuring the performance of stocks from the S&P 500 within a specific sector, which is generally understood by retail investors. While the KID mentions 'Counterparty Risk' as a particular risk not adequately captured by the risk indicator, this is a general risk disclosure for ETFs and does not imply the ETF's structure itself is complex. The inclusion of securities lending is a secondary feature and does not automatically trigger complexity. Based on the information provided, the ETF's structure, investment objective, and replication method align with the criteria for a non-complex financial instrument under MiFID II. Specifically, it's a UCITS ETF tracking a standard equity index using physical replication, with no indication of embedded derivatives or complex strategies."
    }
}