{
    "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 Amundi US TIPS Government Inflation-Linked Bond UCITS ETF GBP Hedged Dist is classified as non-complex. It is a UCITS ETF, which benefits from the UCITS presumption of non-complexity. The ETF uses direct replication, investing primarily in the securities comprising the Benchmark Index (Barclays US Government Inflation-Linked Bond Index). While it employs a daily hedging strategy for GBP currency risk, this is a form of efficient portfolio management and does not make the ETF complex in its core structure. The underlying assets are government inflation-linked bonds, which are generally considered straightforward. The KID indicates a risk level of 3 out of 7, reflecting market risk rather than structural complexity. No embedded derivatives or leverage are mentioned as core components of the strategy. The description of the index methodology and the transparency of the holdings available on the website further support its non-complex nature, aligning with the MiFID II framework for UCITS ETFs."
    }
}