{
    "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 ETF is a UCITS ETF, and its objective is to track the DAX Index using direct replication by investing primarily in the securities comprising the index. The KIID explicitly states 'direct replication, by investing primarily in the securities comprising the Benchmark Index.' It also mentions the potential use of a sampling replication strategy, which is a form of physical replication and generally considered non-complex. The document does not indicate the use of derivatives as integral to the investment objective, nor does it mention leverage, capital protection, or embedded derivatives. The risks mentioned (market risk, counterparty risk, operational risk) are standard and do not point to structural complexity. Counterparty risk is mentioned, but in the context of general risks of investing, not as a core strategy element that would drive complexity in replication. The primary replication method is physical, which is the baseline for non-complex ETFs. The index itself (DAX) is a well-known equity index. Therefore, based on the provided KIID information and the MiFID II framework for UCITS ETFs, the ETF is classified as non-complex."
    }
}