{
    "success": true,
    "data": {
        "leverage": false,
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "ucits": true,
        "type": "ETF",
        "complex_factors": [
            "Sector Concentration"
        ],
        "classification": "non-complex",
        "supporting_data": "The ETF aims to track the MSCI USA Financials index through physical replication. It is a UCITS compliant ETF. The risk and reward profile is classified as category 7 due to strong price fluctuations, indicating market risk rather than structural complexity. Derivatives are not mentioned as being used to achieve the investment objective, only potentially for efficient portfolio management or risk reduction. Securities lending is mentioned with revenue sharing, but the provided data does not indicate it significantly increases risk or opacity. The index itself is based on large and medium-sized US companies, which is considered transparent. The primary risk identified is sector concentration due to the focus on financials, which is a market risk and not a structural complexity under MiFID II. There is no mention of embedded derivatives, leverage beyond UCITS limits, or capital protection structures that would lead to a complex classification."
    }
}