{
    "success": true,
    "data": {
        "leverage": false,
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "ucits": true,
        "type": "ETF",
        "complex_factors": [
            "Bonds",
            "Interest Rate Risk"
        ],
        "classification": "non-complex",
        "supporting_data": "The UCITS ETF tracks the Markit iBoxx EUR Eurozone (DE ES FR IT NL) 3-5 Index, which consists of tradable debt (bonds) denominated in Euro. The fund uses physical replication. The Key Investor Information Document (KID) categorizes the fund's risk and reward profile as category 3 out of 7, indicating relatively low potential for losses and gains. The KID also mentions 'BONDS RISK' and 'EXCEPTIONAL CREDIT RISK & INTEREST RATE RISK' which are inherent to investing in bonds and reflect market volatility rather than structural complexity. The fund does not appear to use derivatives for its investment objective or embedding complex features. Securities lending is mentioned as a secondary feature to generate income. Therefore, based on the provided information and MiFID II rules, the ETF is presumed non-complex as it tracks a straightforward bond index using physical replication and does not exhibit features that would render it complex for a retail investor."
    }
}