{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": [],
        "classification": "non-complex",
        "supporting_data": "The VanEck Global Real Estate UCITS ETF uses physical replication to track the GPR Global 100 Index. The KID document explicitly states that the ETF invests in underlying securities and does not use derivatives for achieving its investment objective. The ETF's structure, risk profile, and investment policy align with a non-complex classification. The ETF tracks a transparent index, which also supports non-complexity.  The KID indicates income is distributed, therefore no swaps or derivatives are used. The ETF does not appear to use leverage or other complex financial instruments. The ETF is available on the secondary market.  The ETF meets the criteria for the Article 8 of Regulation (EU) 2019/2088 on sustainability related disclosures in the financial services sector, and does not have sustainable investment as its investment objective, therefore it is non-complex."
    }
}