{
    "success": true,
    "data": {
        "complex": false,
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "ucits": true,
        "type": "ETF",
        "complex_factors": [
            "None identified based on the provided data. The ETF uses physical replication, which is generally considered non-complex. There is no mention of derivative use, leverage, or complex index tracking."
        ],
        "classification": "non-complex",
        "supporting_data": "The VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF is passively managed and invests in the underlying (physical) securities that make up the index.  It does not lend the underlying securities to third parties.  The ETF seeks to track the Morningstaru00ae Developed Markets Large Cap Dividend Leaders Screened Select Indexu2122 (gross total return weighting method based on the total available dividend), which is described as a dividend-focused index of large-cap stocks in developed countries.  The information provided does not indicate the use of derivatives, leverage, or any other factor that would raise concerns regarding complexity under MiFID II guidelines.  No capital protection is offered."
    }
}