{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": [],
        "classification": "non-complex",
        "supporting_data": "The Vanguard FTSE Japan UCITS ETF is presumed non-complex as a UCITS ETF. The fund uses physical replication to track the FTSE Japan Index. The fund may use derivatives for EPM (efficient portfolio management), which are not considered complex under these rules if they are limited and have a minimal impact on the risk-return profile. The investment policy is to track the index by investing in all constituent securities of the index. The risks, such as market volatility and index tracking risk, are standard for ETFs and are not inherently complex. The fund is designed for long-term investment, and income from the ETF Shares will be paid out. No complex features such as synthetic replication, leverage, or embedded derivatives are evident in the provided information. The KID (Key Investor Information Document) and ESMA guidelines also support the non-complex classification. The fund's risk rating is 6/7, which indicates market risk but not structural complexity."
    }
}