{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": "None. The ETF uses physical replication. Derivatives are used for EPM which has minimal impact on the risk-return profile.",
        "classification": "non-complex",
        "supporting_data": "This UCITS ETF is considered non-complex because it employs physical replication, tracking the STOXX Europe 600 Index directly. The KID document states that derivatives may be used for EPM (efficient portfolio management) such as dealing with inflows and outflows or to better expose the ETF to the index's constituents. Any derivative use is only for risk management and is not central to the investment objective. Securities lending is also undertaken as a secondary feature. The overall structure and risk profile of this ETF appear straightforward, supporting a non-complex classification under MiFID II."
    }
}