{
    "success": true,
    "data": {
        "leverage": false,
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "ucits": true,
        "type": "ETF",
        "complex_factors": "None",
        "classification": "non-complex",
        "supporting_data": "The assessment is based on the MiFID II framework. The fund is a UCITS ETF, which establishes a baseline presumption of being non-complex. This presumption is upheld as the fund employs a physical replication strategy, aiming to hold the underlying equity securities and REITs of its benchmark index, The Capital Strength Index. The KIID makes no mention of using derivatives (like swaps or futures) to achieve its investment objective, nor does it mention leverage or securities lending. The risks described are primarily market risks associated with equity investments, reflected in the 6/7 risk rating, which does not indicate structural complexity. The fund's structure and investment policy are transparent and straightforward for a retail investor to understand. Therefore, it meets the criteria for a non-complex financial instrument."
    }
}