{
    "success": true,
    "data": {
        "leverage": false,
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "direct_replication",
        "ucits": true,
        "type": "ETF",
        "complex_factors": [
            "Macro-weighted Index"
        ],
        "classification": "non-complex",
        "supporting_data": "The ETF tracks the FTSE MTS Highest Rated Macro-Weighted Government Bond 1-3Y Index. The Key Investor Information Document (KIID) states the fund uses direct replication, investing primarily in the securities comprising the Benchmark Index. It also mentions sampling replication and securities lending as potential optimization techniques. Crucially, the fund's objective is to reflect the performance of a government bond index. Bonds, especially government bonds with short maturities, are generally considered non-complex. The KIID explicitly states the risk level reflects market risk from investments in Eurozone short-term government bonds. There is no mention of embedded derivatives, complex replication methods (like synthetic replication), or other features that would typically lead to a complex classification. The complexity of the index weighting mechanism (macro-weighted) is noted, but the underlying assets are government bonds, which are understandable for retail investors. The KIID does not indicate any features that would make the structure, risks, or payoff difficult for a retail investor with basic knowledge to understand. Therefore, it is classified as non-complex."
    }
}