{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "replication_method": "physical",
        "derivatives": false,
        "swaps": false,
        "leverage": false,
        "inverse": false,
        "complex_factors": [],
        "classification": "non-complex",
        "supporting_data": "The Xtrackers FTSE 100 Income UCITS ETF is classified as non-complex. The fund's objective is to replicate the performance of the FTSE 100 index, a well-established and transparent equity index. The Key Investor Information Document (KIID) indicates that the fund will achieve this by 'buying all or a substantial number of the securities in the index', which signifies physical replication. The document also states that derivatives may be used for efficient portfolio management (EPM) to manage risk, reduce costs, and improve results, but not as an integral part of the investment strategy to replicate the index. This limited and ancillary use of derivatives for EPM generally supports a non-complex classification. The risk profile is rated as 6 out of 7, which is noted as being due to potential fluctuations in share price and the likelihood of both losses and gains, rather than inherent structural complexity. The fund does not mention any embedded derivatives, leverage beyond typical operational needs, or complex underlying assets that would challenge the understanding of a retail investor. The nature of the FTSE 100 index itself is straightforward and readily understood by retail investors. Therefore, based on the provided information and MiFID II guidelines, the ETF is considered non-complex."
    }
}