{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "complex": false,
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": [
            "None"
        ],
        "classification": "non-complex",
        "supporting_data": "The fund is a UCITS ETF tracking a government bond index. It is passively managed and aims to reflect the performance of the iBoxx u20acGermany Government Bond Index. The Key Investor Information Document (KIID) states that the fund uses a portfolio of securities that may comprise constituents of the index or other unrelated investments to replicate the index. It also mentions the potential use of derivatives for efficient portfolio management (EPM) such as reducing currency fluctuations or costs, but these are not central to the investment strategy. The risk profile is classified as '3' (comparatively little fluctuation), indicating that the risks, while present, are not considered exceptionally high or complex in structure. The document explicitly states the fund is passively managed and aims to replicate an index, which is generally a non-complex strategy. The use of derivatives for EPM, as described, does not automatically trigger complexity according to the provided framework, especially when the primary replication method is physical and the derivatives are for hedging or cost reduction. The index itself (German Government Bonds) is a standard, transparent benchmark. Therefore, based on the provided information and the MiFID II complexity assessment framework, the ETF is classified as non-complex."
    }
}