{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": "The ETF tracks US Treasury Bonds, which is generally a non-complex index. The fund uses physical replication and derivative use is limited to efficient portfolio management.",
        "classification": "non-complex",
        "supporting_data": "The JPM BetaBuilders US Treasury Bond 1-3 yr UCITS ETF uses physical replication and aims to track a straightforward index of US Dollar-denominated fixed-rate government bonds with a maturity of between one and three years. Derivatives are used, but only for efficient portfolio management (EPM). The KID indicates a low-risk rating (category 2) suggesting the risks are not due to complex mechanisms. The regulatory document (MiFID II Supervisory Briefing on Appropriateness) suggests that the main driver for classification is the structure of the underlying asset. Since the asset is an ETF tracking US Treasury Bonds and the fund utilises physical replication the fund is non-complex."
    }
}