{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": [],
        "classification": "non-complex",
        "supporting_data": "The ETF is UCITS compliant, uses physical replication, and its objective is to track a transparent index (Solactive Core Developed Markets Europe ex UK Large & Mid Cap EUR Index NTR). Derivatives are only permitted for efficient portfolio management (EPM) purposes, with limited impact on the risk-return profile. This means the ETF's structure and risks are easily understood by retail investors with basic knowledge.",
        "complex": false,
        "explanation": "This UCITS ETF uses physical replication to track a transparent index (Solactive Core Developed Markets Europe ex UK Large & Mid Cap EUR Index NTR), Derivatives, if used, are limited to EPM with minimal impact on risk-return, therefore it is classified as non-complex."
    }
}