{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "replication_method": "physical",
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "leverage": false,
        "complex_factors": [],
        "supporting_data": "The ETF tracks the EURO STOXX 50 Net Return Index using direct replication. The document explicitly states that UCITS are presumed non-complex. The ETF also employs a daily exchange hedging strategy against sterling (GBP) using financial derivative instruments, which is a common practice for currency hedging and generally considered for efficient portfolio management rather than integral to the investment strategy. While the KID mentions 'counterparty risk' in relation to financial derivative instruments used in securities financing transactions, this is a standard disclosure for UCITS and not indicative of a complex structure for the ETF itself. The ETF does not mention any use of leverage, embedded derivatives beyond currency hedging, or complex underlying assets. The primary objective is to replicate a well-established equity index.",
        "classification": "non-complex"
    }
}