{
    "success": true,
    "data": {
        "complex": false,
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "ucits": true,
        "type": "ETF",
        "complex_factors": "None identified. The ETF tracks a publicly available index (STOXX Global Digital Security Index), uses physical replication, and derivative use, if any, appears limited to efficient portfolio management.  No leverage is mentioned.  The index description is detailed in the prospectus, but this does not inherently qualify it as complex.",
        "classification": "non-complex",
        "supporting_data": "The iShares Digital Security UCITS ETF uses physical replication to track the STOXX Global Digital Security Index.  The prospectus clearly outlines the index's methodology and criteria for inclusion of securities.  While the fund may use derivatives for efficient portfolio management (e.g., hedging, managing inflows/outflows), this use is stated as limited.  The fund's investment strategy is not opaque or complex in structure and should be readily understandable by retail investors with basic financial knowledge.  No significant leverage is used. There are no references to contingent convertible bonds, swaps, complex indices or other elements indicating a complex structure.  The risk profile, while rated 6/7, is attributable to the market volatility of the securities and not to the structural complexity of the ETF itself."
    }
}