{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "replication_method": "physical",
        "derivatives": false,
        "swaps": false,
        "leverage": false,
        "inverse": false,
        "complex_factors": [],
        "classification": "non-complex",
        "supporting_data": "The UCITS ETF's objective is to achieve a long-term return by actively investing primarily in Eurozone companies, aiming to outperform the MSCI EMU Index. It primarily invests in equity securities of Eurozone companies, with a minimum of 90% of assets subjected to ESG analysis and at least 20% in sustainable investments. The KIID states that it seeks to outperform the Benchmark and will bear a close resemblance to it. The ETF may use financial derivative instruments for efficient portfolio management (EPM) purposes. The risk and reward profile is rated as 6 out of 7, indicating high historical volatility. However, the primary investment strategy is to invest in equities. While derivatives may be used for EPM, they are not integral to the investment objective, and the primary replication method is not described as synthetic. The ETF tracks a recognized index (MSCI EMU Index). The information provided focuses on active management and ESG integration, which do not inherently make an ETF complex under MiFID II, provided the underlying investments are straightforward. The document does not mention embedded derivatives, complex securitised debt, leverage beyond UCITS limits, or any features that would make its structure, risks, or payoff difficult for a retail investor with basic knowledge to understand. Therefore, based on the provided KIID, the ETF is considered non-complex."
    }
}