{
    "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 SDAX Total Return Index, which is an equity index representative of mid and small cap securities across the German market. It uses direct replication by investing primarily in transferable securities representing the index constituents. While it mentions the possibility of using derivatives for managing inflows/outflows or for better exposition to index constituents, this is framed as a secondary tool and not integral to the investment objective. Securities lending is also mentioned as a method to offset costs, which is a common and generally accepted practice for UCITS ETFs. The presence of a UCITS structure, direct replication of an equity index, and the description of derivative use for efficient portfolio management rather than as a core strategy strongly indicate a non-complex classification. The ETF's objective and structure are straightforward and readily understandable by a retail investor with basic financial knowledge. The provided information does not suggest any complex underlying assets, embedded derivatives, or leverage that would typically lead to a complex classification."
    }
}