{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "replication_method": "physical",
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "leverage": false,
        "complex_factors": [],
        "classification": "non-complex",
        "supporting_data": "The ETF tracks the STOXXu00ae Europe 600 Technology (Price Index), which is a widely recognized equity index. The fund primarily invests in equities. The KIID states that the fund may generate minimal amounts of leverage from time to time for efficient portfolio management purposes, which is a standard and generally accepted practice for UCITS ETFs. The replication method is described as physical, which is considered non-complex. There is no mention of embedded derivatives or complex underlying assets. The risk and reward profile indicates market risk, which is standard for equity investments and does not inherently make the instrument complex under MiFID II. The fund is a UCITS, which provides a baseline presumption of being non-complex. The description of the index and the investment policy suggests a straightforward strategy understandable by a retail investor with basic financial knowledge."
    }
}