{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "replication_method": "direct replication",
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "leverage": false,
        "complex_factors": [
            "Counterparty risk (mentioned as a particular risk)"
        ],
        "classification": "non-complex",
        "supporting_data": "The ETF aims to replicate the EURO STOXX 50 Net Return Index using direct replication. The KIID states the objective is to minimize tracking error. The KIID mentions 'Counterparty risk' as a 'Particular risk for the UCITS not included in this indicator', but this is presented as a general risk and not as a core mechanism of the ETF's strategy. The primary replication method is physical, investing in securities making up the index. The KIID also mentions 'guaranteed temporary sales of securities' which could involve derivatives for optimisation, but the primary method described is direct replication (physical). The inherent risk is categorized as 3 out of 7. The index itself (EURO STOXX 50) is a widely recognized and transparent equity index. No specific complex features like embedded derivatives, leverage, or synthetic replication are highlighted as central to the ETF's strategy or structure."
    }
}