{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "replication_method": "physical",
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "leverage": false,
        "complex_factors": [],
        "classification": "non-complex",
        "supporting_data": "The ETF aims to track the Solactive US Treasury Bond Index using direct replication, primarily investing in transferable securities. Derivatives may be used for efficient portfolio management (inflows/outflows, hedging) but are not integral to the investment objective. Securities lending is also permitted for additional income. The underlying index is composed of USD-denominated US Treasury securities with maturities of at least one year. The risks described (market, credit, liquidity, counterparty, operational) are standard for bond ETFs and do not indicate inherent structural complexity beyond market volatility. The structure, objective, and risks are considered understandable for a retail investor with basic knowledge. There is no mention of embedded derivatives, leverage beyond UCITS limits, or complex underlying assets. The ETF is a UCITS, which inherently carries a presumption of being non-complex unless specific features override this."
    }
}