{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": true,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": "Derivative use for risk reduction, securities lending",
        "classification": "non-complex",
        "supporting_data": "This is a UCITS ETF that seeks to track the MSCI Australia Index. It uses physical replication, attempting to hold all the shares of the index in the same proportions. The fund may use derivatives for reducing risk or generating additional capital or income. The ETF may enter into securities lending transactions. The risk category is 5/7, reflecting the volatility of equities, not structural complexity. ",
        "complex": false,
        "non-complex": true,
        "explanation": "The ETF is UCITS compliant. It primarily uses physical replication. Although derivatives may be used, it's primarily for reducing risk, which doesn't automatically make it complex. Securities lending is also mentioned but doesn't inherently trigger a complex classification. Therefore, based on the provided information, it leans towards non-complex."
    }
}