{
    "success": true,
    "data": {
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "ucits": true,
        "type": "ETF",
        "complex_factors": [
            "None"
        ],
        "classification": "non-complex",
        "supporting_data": "The asset is classified as non-complex based on the MiFID II framework. The assessment is as follows:1.  **UCITS Presumption**: The fund is a UCITS ETF (AMUNDI PRIME USA UCITS ETF ACC), which establishes a baseline presumption of being non-complex.2.  **Replication Method**: The KIID does not mention the use of derivatives such as swaps or futures to achieve its investment objective. The objective is to track the Solactive GBS United States Large & Mid Cap Index. This implies a physical replication method, which is straightforward and easy for a retail investor to understand.3.  **Derivative Use**: There is no indication that derivatives are integral to the investment strategy. Any potential derivative use would be for Efficient Portfolio Management (EPM), which does not automatically trigger a complex classification. The generic mention of counterparty risk is standard disclosure and not indicative of a synthetic structure.4.  **Underlying Index**: The ETF tracks the Solactive GBS United States Large & Mid Cap Index, which is a transparent, standard equity index. It is not a complex index based on derivatives, commodities, or exotic strategies.5.  **Other Features**: The ETF does not employ leverage or inverse strategies. There are no embedded derivatives, structured features, or mentions of roll costs, contango, or backwardation effects that would suggest a complex structure.In summary, the ETF is a physically replicated, non-structured UCITS tracking a transparent equity index, aligning perfectly with the definition of a non-complex instrument under MiFID II Article 25(4) and the provided rules. It does not contain features that would be difficult for a retail investor with basic knowledge to understand.",
        "final_classification": "Non-Complex"
    }
}