{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": [
            "Securities Lending",
            "Derivatives for risk reduction"
        ],
        "classification": "non-complex",
        "supporting_data": "This is a UCITS ETF that seeks to track the MSCI Australia Index using physical replication, holding the shares of the index in the same proportions. The ETF may use derivative instruments for the purpose of reducing risk, which does not automatically trigger a complex classification under MiFID II if these are for efficient portfolio management and do not fundamentally alter the risk profile. The ETF may engage in securities lending transactions. Since the ETF is UCITS compliant, uses physical replication, and derivative usage is for risk management, it is non-complex. The KID risk reward profile of 6/7 represents market risk and not structural complexity."
    }
}