{
    "success": true,
    "data": {
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "ucits": true,
        "type": "ETF",
        "complex_factors": [],
        "classification": "non-complex",
        "supporting_data": "The iShares Europe Defence UCITS ETF EUR (Acc) is presumed non-complex because it is a UCITS ETF, and the document does not indicate derivative use outside of efficient portfolio management (EPM) or synthetic replication. The fund's objective is to replicate the STOXX Europe Targeted Defence Index, and it intends to hold equity securities in similar proportions to the index via physical replication. The KID does not contain a comprehension alert, indicating that the asset is not complex. The document mentions the use of financial derivative instruments (FDIs) for direct investment purposes, but the primary objective is to replicate an index of company stock. Based on the provided information and the MiFID II criteria, the ETF appears non-complex. The fund may use FDIs for EPM. "
    }
}