{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": "The index tracks midstream energy infrastructure, which can be subject to energy price fluctuations. The Index has dividend weighting. ",
        "classification": "non-complex",
        "supporting_data": "The ETF employs physical replication, investing in the equity securities of companies in proportion to their index weightings. The index tracks dividend-paying North American energy infrastructure companies. The replication method and index composition suggest non-complexity under MiFID II rules. The KID states the ETF may not be appropriate for short-term investment, and the risk profile is 4/7, but these don't indicate structural complexity. Securities lending is mentioned, which could introduce counterparty risk, but is stated as well-managed. The index is transparent and well-documented. There is no use of leverage, or embedded derivatives. There is no capital protection with a complex structure. The lack of explicit derivatives usage for replication or complex financial instruments within the strategy support the non-complex classification. "
    }
}