{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": [],
        "classification": "non-complex",
        "supporting_data": "The Xtrackers MSCI Korea UCITS ETF (LU0292100046) is categorized as non-complex under MiFID II. The ETF aims to replicate the performance of the MSCI Korea 20/35 Custom Index by buying all or a substantial number of the securities in the index. The ETF employs techniques and instruments including financial contracts (derivatives) to manage risk and reduce costs, but the use of derivatives is limited, and the fund primarily utilizes physical replication. The fund is passively managed, tracks a transparent index, and does not use leverage or complex strategies that retail investors would struggle to understand. The Key Information Document highlights the standard market risks of the index, but does not mention any element that would drive the asset into a 'complex' classification. The currency of the fund is USD and returns and gains are not distributed but are reinvested in the fund. Securities lending is mentioned, a low risk feature that has no impact on the asset's overall classification."
    }
}