{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "replication_method": "physical",
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "leverage": false,
        "complex_factors": [
            "Index composition (sector-specific)"
        ],
        "classification": "non-complex",
        "supporting_data": "The iShares STOXX Europe 600 Automobiles & Parts UCITS ETF (DE) aims to track the STOXXu00ae Europe 600 Automobiles & Parts (Price Index). The index measures the performance of the European Automobiles & Parts sector and is a subset of the STOXXu00ae Europe 600. The ETF predominantly invests in equities and uses physical replication, holding at least 95% of its assets matching the index weighting. The document explicitly states that it is not the Investment Manager's intention to leverage the Fund, though minimal leverage might be generated from time to time for efficient portfolio management. There is no mention of derivatives being integral to the investment strategy or structured products. The complexity of the underlying index, focusing on a specific sector, might present some sector-specific risks, but the structure of the ETF itself (physical replication of a broad equity index) is considered standard and understandable for retail investors. The ETF is UCITS compliant, which by default implies a level of investor protection and adherence to diversification rules. The risk indicator is rated seven, but this is attributed to the nature of its investments (equities) and not structural complexity. The KIID and other information do not indicate any features that would classify it as complex under MiFID II, such as embedded derivatives, significant use of derivatives for replication, or an opaque index. Therefore, it is presumed non-complex."
    }
}