{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": "Securities Lending",
        "classification": "non-complex",
        "supporting_data": "The ETF is UCITS compliant and aims to replicate the NASDAQ Next Generation 100 Index using physical replication. Derivatives are not mentioned as integral to the investment objective, suggesting their use is limited or non-existent. However, the ETF engages in securities lending. The risk profile is 6/7, reflecting market volatility, not structural complexity. Therefore, based on the provided information, it is classified as non-complex, but the securities lending could be considered by some regulators as a source of complexity.",
        "complex": false,
        "non-complex": true
    }
}