{
    "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 Xtrackers FTSE MIB UCITS ETF is classified as non-complex because it is a UCITS fund, which is generally presumed non-complex under MiFID II. Its investment policy explicitly states that it aims to replicate the index 'by buying all or a substantial number of the securities in the index', indicating a physical replication method, which is considered transparent and straightforward. The fund's use of derivatives is solely for 'efficient portfolio management', such as managing risk, reducing costs, and improving results, rather than being integral to its investment objective or replication strategy. The provided text states that 'If the asset may use derivative instruments for managing risk rather than as an inherent element of the strategy then make 'derivatives' = false.' Therefore, 'derivatives' is set to false. The document does not explicitly identify 'swap usage' in the fund's strategy, which, if present, would trigger a complex classification. The underlying FTSE MIB index is transparent, consisting of shares of 40 companies listed on the Italian stock exchange with clear selection and weighting criteria. Securities lending is mentioned as a secondary feature to generate additional income, which does not automatically lead to a complex classification if well-managed within UCITS rules. There is no indication of significant leverage, capital protection with a complex structure, or any other features that would introduce opacity or require advanced financial understanding beyond that of a retail investor with basic knowledge. The risk rating of 6/7 reflects market volatility, not structural complexity."
    }
}