{
    "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 ETF is a UCITS ETF that aims to replicate the MSCI Europe Information Technology 20/35 Capped Index. It achieves this by passively investing in equity securities that make up the index, using a physical replication method. The index itself tracks large and mid-capitalisation companies in the information technology sector in developed European countries, with diversification rules (capping weights of largest companies). The document states that the ETF may engage in short-term secured lending of its investments to generate additional income to offset costs. MiFID II classifies UCITS as generally non-complex. The physical replication method is also considered non-complex. While securities lending introduces counterparty risk, it's a secondary feature for income generation and within UCITS rules, not typically making the ETF complex unless it dominates the risk profile. The underlying index is a standard equity sector index, not inherently complex. The ETF's structure, risks (market volatility, tracking error), and payoff are generally understood by retail investors with basic knowledge. There is no mention of leverage, embedded derivatives, or other complex structures. Therefore, based on the provided information and MiFID II guidelines, this ETF is classified as non-complex."
    }
}