{
    "success": true,
    "data": {
        "type": "ETF",
        "ucits": true,
        "replication_method": "physical",
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "leverage": false,
        "complex_factors": [],
        "classification": "non-complex",
        "supporting_data": "The ETF is a UCITS ETF and aims to track the FTSE Eurozone Highest-Rated Government Bond Index using direct replication. The investment policy states that derivatives may be used for efficient portfolio management (EPM) such as dealing with inflows/outflows or better exposition to index constituents, which is generally considered non-complex. Securities lending is also permitted to offset costs. The index itself tracks highly-rated government bonds, which are typically considered less complex than other asset classes. The KIID highlights market risk as the primary risk and does not indicate any complex underlying structures or derivative usage that would render it complex for a retail investor with basic knowledge. The regulatory documents provided by CESR and ESMA classify UCITS ETFs tracking transparent indices with physical replication and limited derivative use for EPM as non-complex. There is no indication of embedded derivatives, leverage, or other complex structures."
    }
}