{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "derivatives": false,
        "complex_factors": [],
        "classification": "non-complex",
        "supporting_data": "The AMUNDI INDEX J.P. MORGAN GBI GLOBAL GOVIES - UCITS ETF DR is a UCITS ETF, which provides a baseline presumption of being non-complex. The ETF's objective is to track the J.P. Morgan Government Bond Index Global (GBI Global) using Direct Replication, primarily by investing in transferable securities that represent the index constituents. The document explicitly states that the exposure is achieved through 'Direct Replication, mainly by making direct investments in transferable securities'. While it mentions that derivatives *may* be used for managing inflows/outflows or for better exposition to index constituents, this is not presented as integral to the strategy, nor is there any indication of synthetic replication. The ETF tracks a government bond index, which is generally considered transparent and understandable. There are no mentions of embedded derivatives, leverage, or complex underlying assets. The risk profile is described as mainly reflecting market risk from investments in international government bonds, which does not automatically imply structural complexity. The document does not indicate the use of complex financial instruments or structures that would be difficult for a retail investor to understand. Therefore, it aligns with the criteria for a non-complex UCITS ETF."
    }
}