{
    "success": true,
    "data": {
        "title": "iShares Developed Markets Property Yield UCITS ETF USD (Acc)",
        "url": "https://docs.oppl.io/etf/IE00BFM6T921_27-06-2025.pdf",
        "type": "ETF",
        "ucits": true,
        "replication_method": "physical",
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "leverage": false,
        "complex_factors": [],
        "supporting_data": "The UCITS ETF aims to replicate the FTSE EPRA/Nareit Developed Dividend + Index by investing in equity securities of listed real estate companies and REITs. The ETF uses optimising techniques, which may include the strategic selection of securities or the use of financial derivative instruments (FDIs) for efficient portfolio management. However, it does not appear to use derivatives as an integral part of its strategy for achieving its investment objective, but rather for EPM. The replication method is described as 'optimising techniques', which, while not explicitly stating 'physical', implies holding underlying securities or similar, leaning towards physical replication. The fund invests in REITs and property-related assets, which are generally understood by retail investors. The KIID does not indicate any embedded derivatives, complex index structures, or significant leverage. Securities lending is mentioned as a way to offset costs, which is common for ETFs and does not automatically trigger complexity if managed within UCITS rules and with collateral. The risk indicator is rated six, but this reflects market volatility and sector concentration rather than structural complexity. The description aligns with a standard, diversified equity ETF tracking a property index.",
        "classification": "non-complex"
    }
}