{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares STOXX Europe 600 Financial Services UCITS ETF (DE)",
    "investment_objective": "Passive index tracking of STOXX Europe 600 Financial Services (Price Index)",
    "primary_asset_class": "Equity",
    "geographic_focus": "Europe (18 countries)",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS-compliant, physically replicated equity ETF tracking the STOXX Europe 600 Financial Services Price Index. The fund invests at least 95% in equities matching the index weighting, with no synthetic replication or use of swap agreements mentioned. The documents explicitly state that the fund is not intended to be leveraged, and any derivative use is minimal and only for efficient portfolio management, not as an inherent part of the investment strategy. There is no mention of funded or unfunded swaps, counterparty risk beyond normal safekeeping, or complex structured products. The risk profile is medium-high (5 out of 7), consistent with equity sector concentration risk, but no complexity flags such as capital protection, leverage, or contingent bonds are present. Costs are straightforward with a TER of 0.46%, no performance fees, and no swap or derivative fees. The PRIIPs KID confirms suitability for retail investors with basic knowledge and no comprehension warnings. The monthly factsheet confirms physical replication and direct investment in equities, with no indication of synthetic structures or leverage. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}