{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "replication_method": "physical",
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "leverage": false,
        "complex_factors": [
            "CHF Hedged"
        ],
        "classification": "non-complex",
        "supporting_data": "The AMUNDI EURO STOXX 50 II UCITS ETF CHF Hedged Acc is a passively managed index-tracking UCITS ETF. Its objective is to replicate the EUR-denominated EURO STOXX 50 Net Return Index using direct replication. The ETF states it may use a sampling technique and guaranteed temporary sales of securities, but these are generally for optimisation. It employs a daily exchange hedging strategy against the Swiss franc. The document clearly states that UCITS are presumed non-complex for appropriateness requirements. The replication method is primarily physical. While it uses hedging for currency risk, this is a limited use of derivatives for efficient portfolio management, not integral to the investment strategy. The underlying index (EURO STOXX 50) is a well-established equity index, and its methodology is publicly available. The risks described are primarily market volatility and tracking error, which are standard for equity ETFs and understandable to a retail investor with basic knowledge. There is no mention of embedded derivatives, leverage beyond normal UCITS limits, or other complex structures. The KID states the fund's risk level reflects eurozone equities, and the lowest category does not mean 'risk free', indicating standard market risk. The mention of 'Counterparty risk' is in the context of financial derivative instruments traded over-the-counter or securities financing transactions, with a regulatory limit of 10% of total assets for any given counterparty, which is standard and managed within UCITS regulations. The complexity alert requirement is not triggered as the ETF is classified as non-complex."
    }
}