{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "leverage": false,
        "complex_factors": [
            "Index methodology complexity"
        ],
        "classification": "non-complex",
        "supporting_data": "The ETF aims to track the STOXX Global Ageing Population Index, which focuses on companies deriving significant revenues from the world's ageing population. The replication method is physical, meaning it invests in equity securities that make up the index. There is no mention of derivatives being used for replication or investment objectives, and the primary risks highlighted are related to market volatility, smaller companies, and emerging markets. The index itself, while thematic, appears to be based on readily understandable revenue criteria for companies. The KID does not indicate any complex structures, embedded derivatives, or leverage. Therefore, based on the provided information and the MiFID II framework, the ETF is presumed non-complex. The complexity of the index's thematic focus does not inherently make the ETF's structure or payoff difficult for a retail investor to understand, and it adheres to the standard UCITS framework."
    }
}