{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": "Securities lending, though limited to 40% NAV and should be well-managed within UCITS rules.",
        "classification": "non-complex",
        "supporting_data": "The ETF is UCITS compliant, employing physical replication to track the S&P 500 Index. Derivatives are permitted only for efficient portfolio management (EPM). Securities lending is used up to 40% of NAV. The fund aims to mirror the index. The index is also considered to be transparent. ",
        "complex": false,
        "non_complex": true
    }
}