{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": [],
        "classification": "non-complex",
        "supporting_data": "The L&G Ecommerce Logistics UCITS ETF uses physical replication to track the Solactive eCommerce Logistics Index Net Total Return, a transparent index. The KID document states that the ETF primarily invests directly in the securities represented in the Index. The fund may also invest in logistic companies that are not constituents of the index that have similar risk and performance characteristics to the index and also financial derivative instruments. The use of derivatives is limited with no impact on the risk-return profile. The ETF is also denominated in USD. Securities lending is a secondary feature, well-managed within UCITS rules (e.g., collateral requirements), and doesn't dominate the risk profile, the ETF can remain non-complex. The structure and risks (e.g., market volatility, tracking error) are easily understood by retail investors with basic knowledge and the ETF will not include a comprehension alert. Although it may invest in financial derivatives for efficient portfolio management this does not automatically make the asset complex."
    }
}