{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares EURO STOXX Banks 30-15 UCITS ETF (DE)",
    "investment_objective": "Passive replication of the EURO STOXX Banks 30-15 (Net Total Return Index), tracking banking sector equities in the Eurozone.",
    "primary_asset_class": "Equity",
    "geographic_focus": "Eurozone",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF aims to physically replicate the EURO STOXX Banks 30-15 Index by investing mostly in equities with at least 95% duplication of the index. There is no mention of synthetic replication, swap agreements, or derivative instruments used as part of the investment strategy. The fund may use financial derivative instruments only minimally and solely for efficient portfolio management, which does not trigger the 'derivatives' flag under MiFID II complexity rules. There is no leverage or inverse exposure. The risk profile is high (6 out of 7) due to sector concentration in banking equities, but this is a market risk rather than complexity from structure. The monthly factsheet confirms physical replication and direct investment in underlying equities, with no indication of complex underlying assets such as contingent convertible bonds or structured products. Costs are straightforward with no performance fees or swap fees. No capital protection or structured features are present. The PRIIPs KID does not include any comprehension warnings or complexity flags. Therefore, the ETF is classified as non-complex under MiFID II."
}