{
    "success": true,
    "data": {
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "ucits": true,
        "type": "ETF",
        "complex_factors": [],
        "classification": "non-complex",
        "supporting_data": "The JPM BetaBuilders UK Gilt 1-5 yr UCITS ETF aims to provide exposure to Pound Sterling-denominated fixed rate UK government bonds with a maturity of between one and five years. The fund uses optimization methodology for the replication method. The document mentions that for efficient portfolio management purposes, the Sub-Fund may use financial derivative instruments. Based on the information provided, and focusing on the core criteria for MiFID II classification, this ETF appears non-complex. The use of derivatives is limited to efficient portfolio management, and the primary investment strategy, tracking a bond index through a sub-set of Index Securities and not synthetically through swaps, supports a non-complex classification. The ETF tracks a transparent index, J.P. Morgan Government Bond Index United Kingdom 1-5 Year, which is not mentioned as a complex index. Although the fund can use Derivatives for Efficient Portfolio Management purposes, it is not an inherent part of the fund's strategy, so the fund can still be classified as non-complex. The KID document indicates that the fund's risks are primarily related to market volatility (rated at 3/7 on the risk scale), standard for bond ETFs, which does not automatically imply complexity. Securities lending and leverage are not indicated. The document does not show any other information that would indicate that this fund is a complex asset."
    }
}