{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivatives": true,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": [
            "Derivative use for risk reduction or efficient portfolio management"
        ],
        "classification": "non-complex",
        "supporting_data": "The ETF is UCITS compliant and aims to track the MSCI USA Value Index using physical replication. The fund may use derivative instruments for reducing risk, costs or generating additional capital or income. While derivatives are mentioned, the primary investment objective is achieved through physical replication and the use of derivatives seems to be for efficient portfolio management, rather than an inherent element of the strategy. The risk reward profile is 5/7, reflecting market risk but not necessarily structural complexity."
    }
}