{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The iShares EURO STOXX Banks 30-15 UCITS ETF (DE) is a UCITS-compliant ETF that physically replicates the EURO STOXX Banks 30-15 Net Total Return Index by direct investment in equities, with at least 95% duplication of the index. The fund does not intend to use leverage, although minimal leverage may arise from efficient portfolio management via financial derivative instruments, but these are not inherent to the investment strategy and are used solely for risk management or operational efficiency. There is no mention of synthetic replication, swap agreements, total return swaps, or counterparty exposure. The monthly factsheet confirms physical replication and direct equity holdings in 28 banking sector stocks from the Eurozone, with no indication of complex underlying assets such as contingent convertible bonds or structured products. The risk profile is high (6 out of 7) due to sector concentration and equity market risk, not due to complexity of the product structure. 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, under MiFID II criteria, this ETF is classified as non-complex."
}