{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": [
            "Sector concentration",
            "Securities lending"
        ],
        "classification": "non-complex",
        "supporting_data": "The SPDR MSCI Europe Financials UCITS ETF aims to track the MSCI Europe Financials 35/20 Capped Index. The fund employs physical replication, holding securities included in the index. Derivatives use is limited to efficient portfolio management. Securities lending is permitted, but capped at a maximum of 40% of the Net Asset Value. The ETF's KID risk rating is 7, reflecting market volatility, but this doesn't automatically make it complex. The concentration of the fund within the financial sector could lead to greater fluctuations than a more diversified ETF and can be regarded as complex as a clients understanding of how the financials are weighted may be limited due to a lack of easy understanding.",
        "complex": false,
        "non-complex": true
    }
}