{
    "success": true,
    "data": {
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "ucits": true,
        "type": "ETF",
        "complex_factors": [],
        "classification": "non-complex",
        "supporting_data": "The VanEck iBoxx EUR Sovereign Capped AAA-AA 1-5 UCITS ETF primarily tracks the Markit iBoxx EUR Liquid Sovereigns Capped AAA-AA 1-5 Index. The investment policy focuses on replicating the index by investing in the underlying (physical) securities which are euro-denominated investment-grade bonds. The KID states the index consists of approximately 15 of the largest and most liquid euro-denominated government bonds with a remaining term to maturity of 1.25 to 5.5 years. The ETF uses physical replication. The ETF does not explicitly state the usage of derivatives. The fund distributes income as dividends. The index is transparent. The risk profile is category 3 on the KID. The fund does not use leverage. There is no mention of complex underlying indices. Therefore this asset is non-complex, according to MiFID II. The asset meets the criteria for non-complex instruments because of its physical replication of a transparent index composed of government bonds, without the explicit use of derivatives for investment objectives. Furthermore, the KID risk profile of 3/7 implies a low volatility."
    }
}