{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": "Securities lending, REIT investments, Concentration Risk",
        "classification": "non-complex",
        "supporting_data": "The ETF is UCITS compliant, uses physical replication, and derivatives are only used for efficient portfolio management. Securities lending is used but limited to 40%. It invests in REITs, which carry some inherent risks, but the primary investment objective is to track a global real estate index, indicating transparency and simplicity. Concentration risk is present due to the real estate market focus, but this doesn't automatically make it complex under MiFID II.",
        "complex": false
    }
}