{
    "success": true,
    "data": {
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "ucits": true,
        "type": "ETF",
        "complex_factors": [],
        "classification": "non-complex",
        "supporting_data": "This iShares S&P 500 Consumer Staples Sector ETF (IE00B40B8R38) is a UCITS ETF that aims to replicate the performance of the S&P 500 Capped 35/20 Consumer Staples Index. The ETF uses physical replication, holding the equity securities of the index. The KID document states that the investment manager may use Financial Derivative Instruments (FDIs) for direct investment purposes - however they are used for efficient portfolio management rather than an inherent element of the strategy, and there is no mention of leveraging or any other complex mechanisms. The index itself is a well-established and transparent index. There is no mention of inverse, leveraged, or capital-protected strategies. The risks are tied to market volatility which is standard. Securities lending is mentioned but does not indicate a significant change in risk or opacity. According to the MiFID II rules, the ETF is therefore deemed non-complex. There is no comprehension alert, and the ETF does not employ any mechanism which would mean that it is not easily understood by the average retail investor."
    }
}