{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "derivatives": false,
        "complex_factors": [
            "Bonds Risk"
        ],
        "classification": "non-complex",
        "supporting_data": "The ETF is a UCITS compliant ETF which is passively managed and aims to reflect the performance of the Markit iBoxx EUR Eurozone (DE ES FR IT NL) 7-10 Index. The index reflects the performance of tradable debt (bonds) denominated in Euro issued by governments of five Eurozone countries. The fund aims to replicate the index by buying a portfolio of the securities that comprise the constituents of the index. The use of derivatives is mentioned as a possibility for risk management, cost reduction, and improving results, but not as integral to the investment strategy. The ETF is classified as 'category 4' on the risk and reward profile, indicating potentially higher rewards and risks. While bonds are mentioned as carrying 'Bonds Risk' (credit risk and interest rate risk), the document does not indicate the use of complex debt instruments or derivatives that would make the ETF itself complex under MiFID II rules. The replication method is physical, which is generally considered non-complex. The underlying index is a government bond index, which is typically transparent. There are no indications of embedded derivatives, significant leverage, or other features that would render the ETF complex. The ongoing charges are low, and securities lending is a secondary activity. Therefore, based on the provided information and MiFID II guidelines, the ETF is classified as non-complex."
    }
}