{
    "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": "This UCITS ETF, tracking the FTSE Developed Asia Pacific ex Japan Index, employs physical replication, investing in the constituent securities of the index. Derivatives are used only to reduce risk or cost or generate income, which indicates a non-complex strategy, as the primary investment objective is achieved through direct holdings. Securities lending is used to generate additional income, as well as the ETF is an open ended fund listed on a stock exchange. Based on the information provided, the ETF's structure is clear, and the risks (market volatility and tracking error) are generally understandable for retail investors, supporting its non-complex classification. There is a degree of risk in the fund, but this risk is not derived from complex structures. The ETF uses physical replication; there is no leverage, and no significant use of derivatives for purposes other than risk management, all factors supporting non-complexity. The inclusion of derivative use for risk reduction/cost, while noted by regulators, is not the core element for the classification. The ETF is categorized as non-complex under MiFID II."
    }
}