{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": [
            "Securities Lending",
            "Small Cap Index"
        ],
        "classification": "non-complex",
        "supporting_data": "The ETF is UCITS compliant and seeks to track the MSCI World Small Cap Index, focusing on small-sized companies in developed equity markets. It primarily invests in securities included in the index, using an optimization strategy due to the difficulty of purchasing all securities. Derivatives are used for efficient portfolio management (EPM). Securities lending is utilized but capped at 40% of Net Asset Value. While it tracks a small cap index which can be more volatile, and employs securities lending, the EPM use of derivatives is limited, and the fund is UCITS compliant, supporting a 'non-complex' classification. The transparency of the underlying index contributes to this assessment, though the small cap nature and securities lending introduce a degree of complexity.",
        "complex": false
    }
}