{
    "success": true,
    "data": {
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "ucits": true,
        "type": "ETF",
        "complex_factors": [],
        "classification": "non-complex",
        "supporting_data": "The Vanguard LifeStrategy 80% Equity UCITS ETF is presumed non-complex as it is a UCITS compliant ETF and uses physical replication, where it holds the underlying securities of the index. The document states that the ETF invests predominantly in other passively managed exchange-traded funds (ETFs) or other collective investment schemes. While the ETF may use derivatives to reduce risk or cost and/or generate extra income or growth the data makes no mention of the use of derivative instruments for purposes other than portfolio risk management. The ETF also invests in equities and fixed income securities and is therefore not using complex instruments such as swaps or structured products. The fund's structure and risks are straightforward and the ETF does not appear to employ significant leverage."
    }
}