{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "replication_method": "physical",
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "leverage": false,
        "complex_factors": [],
        "classification": "non-complex",
        "supporting_data": "The fund aims to reflect the performance of the S&P Europe Ex-U.K. LargeMidCap (EUR) index by buying a substantial number of the securities in the index. This indicates physical replication. The KIID explicitly states that the fund is passively managed and aims to replicate the index by holding its constituents. While the KIID mentions the possibility of using derivatives for risk management, cost reduction, or to improve results, it does not suggest they are integral to achieving the investment objective or used for index replication. Securities lending is mentioned, but with a 0% fee, indicating it's not a primary revenue source nor likely to significantly alter the risk profile. The fund is classified in category 6 of the risk and reward profile, indicating high fluctuations and potential for both losses and gains, which is characteristic of market risk rather than structural complexity. The ongoing charges are low at 0.09%. The index itself (S&P Europe Ex-U.K. LargeMidCap) is a standard equity index composed of large and medium-sized companies. Based on the principles of MiFID II and the provided guidance, a UCITS ETF that physically replicates a transparent equity index, without embedded derivatives or complex structures, is considered non-complex."
    }
}