{
    "success": true,
    "data": {
        "complex": false,
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "ucits": true,
        "type": "ETF",
        "complex_factors": [
            "Not Applicable - No embedded derivatives, leverage, or other complex features are evident in the provided data"
        ],
        "classification": "non-complex",
        "supporting_data": "The VanEck S&P Global Mining UCITS ETF replicates the S&P Global Mining Reduced Coal Index by investing directly in the underlying equity securities of the index (physical replication). This method is transparent and straightforward, supporting a non-complex classification under MiFID II.  The fund does not use significant leverage (limited to 10% of net assets) and does not employ securities lending.  The objective of the ETF is to track a clear and well-defined index (S&P Global Mining Reduced Coal Index), further supporting a non-complex classification.  The documentation indicates the fund is UCITS compliant and the risk profile is lower (7/7 scale) which implies the asset is transparent in its structure and methods of generating returns."
    }
}