{
    "success": true,
    "data": {
        "complex": false,
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "ucits": true,
        "type": "ETF",
        "complex_factors": [
            "No embedded derivatives or leverage noted.",
            "No contingent convertible bonds or swaps are mentioned."
        ],
        "classification": "non-complex",
        "supporting_data": "The iShares STOXX Europe 600 Industrial Goods & Services ETF is a passively managed ETF that aims to track the STOXX Europe 600 Industrial Goods & Services Index.  The fund primarily invests in equities and aims to replicate the benchmark index with a duplication percentage of at least 95%.  Crucially, it states that leverage is not the fund's intention, and derivative instruments are used for efficient portfolio management only, including managing inflows/outflows and reducing transaction costs. The replication method is physical, ensuring its performance is directly tied to the index's underlying securities. This transparency and straightforward structure supports the non-complex classification. The ETF's objective and risks are readily understandable for retail investors with basic knowledge, aligning with the principles of MiFID II."
    }
}