{
    "success": true,
    "data": {
        "leverage": false,
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "ucits": true,
        "type": "ETF",
        "complex_factors": [],
        "classification": "non-complex",
        "supporting_data": "This UCITS ETF is classified as non-complex based on the MiFID II Complexity Assessment Rules. It benefits from the baseline UCITS presumption of non-complexity. The Fund employs a 'physical replication' method, aiming to invest in the underlying constituents of the MSCI Europe Equal Weighted Index, which is a transparent and easily understandable benchmark. While the Fund may engage in securities lending, this is explicitly stated to be for efficient portfolio management (EPM) to generate income, not as an integral part of its investment objective or to introduce complex structures. As per the provided rules, securities lending for EPM, if well-managed and secondary, does not automatically trigger a complex classification. There are no indications of significant leverage, embedded derivatives (such as swaps being central to replication or other complex structured payoffs), or opaque index methodologies (e.g., related to roll costs or contango/backwardation effects). The stated risk category of 6/7 reflects market risk, which is distinct from structural complexity under MiFID II. The fund's structure, objectives, and risks are deemed straightforward for a retail investor with basic knowledge to understand."
    }
}