{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": "None",
        "classification": "non-complex",
        "supporting_data": "This UCITS ETF aims to track the Bloomberg Barclays US Treasury Floating Rate Bond Index using physical replication. The index comprises floating rate U.S. Treasury bonds. Derivatives are used for efficient portfolio management, but not as an inherent element of the investment strategy. Securities lending is permitted for efficient portfolio management.  The fund invests in investment-grade bonds, aligning with a lower risk profile. It is UCITS compliant.",
        "explanation": "This UCITS ETF is classified as non-complex because it primarily uses physical replication to track a transparent index of floating rate treasury bonds. While derivatives may be used for efficient portfolio management, their use is limited and not integral to achieving the investment objective. The structure and risks are considered straightforward, aligning with MiFID II guidelines for non-complex ETFs. It is UCITS compliant which contributes to its classification as a non-complex asset."
    }
}