{
    "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 HSBC FTSE 250 UCITS ETF uses physical replication and invests in shares of companies in generally the same proportion as in the FTSE 250 Index. Derivatives may be used for efficient portfolio management (EPM) purposes like managing risk, costs or generating income. No significant leverage or complex instruments are mentioned in the provided KID data. The index is transparent, and the investment objective is straightforward, making the fund's structure and risks understandable for retail investors. Securities lending is used, but it's a secondary feature, well-managed within UCITS rules, and does not dominate the risk profile. The product is designed for long-term investment. According to the ESMA guide, the use of derivatives for EPM will not necessarily cause the classification to be complex, and this fund is non-complex. The KID mentions that the fund can invest up to 10% of its assets in total return swaps and contracts for difference. However, this is not expected to exceed 5%. Because this is a UCITS fund that does not depend on derivatives for replication this is non-complex."
    }
}