{
    "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": "The iShares FTSE MIB UCITS ETF (IE00B53L4X51) is a UCITS ETF. The investment objective is to achieve a return on investment that reflects the performance of the FTSE MIB Index. The fund uses physical replication by holding the equity securities of the index in similar proportions, which indicates non-complex replication. The fund may use financial derivative instruments (FDIs) for investment purposes, however, the KEY INVESTOR INFORMATION document states that the investment manager *may* use derivatives for direct investment. The fund aims to replicate the index by holding equity securities which make up the index. The index tracks 40 of the most liquid and capitalised Italian equity securities. The use of derivatives is not central to the strategy, indicating non-complexity. Also, the fund is designed for medium to long-term investment and the key risks stated are concentrated on specific sectors, countries and market volatility. This fund, while carrying market risk, does not involve mechanisms such as swaps or significant leverage, making it non-complex. The fund is listed on a stock exchange."
    }
}