{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": "Securities lending introduces counterparty risk, though well-managed, and the Fund may use financial derivative instruments (that is, financial contracts whose prices are dependent on one or more underlying assets) in order to manage the portfolio efficiently.",
        "classification": "non-complex",
        "supporting_data": "The ETF is UCITS compliant, indicating a regulated structure. It aims to track the MSCI Japan Index using primarily physical replication, which is generally considered non-complex. Although the fund may employ securities lending and financial derivative instruments for efficient portfolio management, this is stated to be risk management rather than inherent in the core strategy, suggesting limited complexity. There's concentration risk and index tracking risk, but these are related to market exposure, not structural complexity."
    }
}