{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "replication_method": "physical",
        "derivatives": false,
        "swaps": false,
        "leverage": false,
        "inverse": false,
        "complex_factors": [],
        "classification": "non-complex",
        "supporting_data": "The iShares Euro Total Market Growth Large EUR ETF aims to replicate the EURO STOXX Total Market Growth Large Index by holding the underlying equity securities. This physical replication method is generally considered non-complex. The ETF's objective is straightforward: to track a transparent index. While the document mentions that the fund may engage in short-term secured lending to generate income and that the investment manager may use financial derivative instruments (FDIs) for efficient portfolio management or direct investment purposes, the core strategy remains physical replication. The KID indicates that the ETF is rated six on the risk indicator scale, but this reflects market volatility rather than structural complexity. The presence of securities lending does not automatically make an ETF complex, especially if it is a secondary feature well-managed within UCITS rules. There's no mention of embedded derivatives, significant leverage, or complex underlying assets that would challenge a retail investor's understanding. Therefore, based on the provided information and the MiFID II framework, this ETF is classified as non-complex."
    }
}