{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": "None",
        "classification": "non-complex",
        "supporting_data": "The ETF is UCITS compliant and aims to replicate the performance of an index by primarily investing in the companies contained in the index in similar proportions to their weightings. It may also invest in depositary receipts and financial derivative instruments for purposes of managing the portfolio by prices based on companies in the index. The ETF does not intend to pay dividends and reinvests income back into the fund. This ETF tracks a transparent index and primarily uses physical replication. Derivatives are permitted for EPM purposes only and have a minimal impact on the risk-return. The risk is rated 6/7 reflecting the potential for market volatility.",
        "complex": "non-complex",
        "explanation": "This UCITS ETF primarily uses physical replication and any derivatives are only for efficient portfolio management. The index is transparent and the risks, although rated 6/7, relate to market volatility rather than structural complexity."
    }
}