{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "replication_method": "physical",
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "leverage": false,
        "complex_factors": [],
        "classification": "non-complex",
        "supporting_data": "The UCITS ETF aims to track the NASDAQ Global High Equity Income Index by holding the underlying equity securities. The KID explicitly states it's passively managed and has an index replicating objective. The replication method is physical, holding the securities themselves, which is generally considered non-complex. There is no mention of derivatives being used for replication or for efficient portfolio management. The risk profile being 6 out of 7 indicates market risk, not structural complexity. The investment policy focuses on holding equity securities in similar proportions to the index. There are no indications of complex strategies, embedded derivatives, or other features that would complicate understanding for a retail investor."
    }
}