{
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The iShares EURO STOXX Banks 30-15 UCITS ETF is a physically replicated fund that primarily invests in equities to track the EURO STOXX Banks 30-15 Index. The KIID and factsheet indicate that the fund uses physical replication with at least 95% of its assets matching the index weightings. While the fund may use financial derivative instruments (FDIs) for efficient portfolio management, this is explicitly stated as not being for leverage or speculative purposes. The fund has a straightforward investment objective, invests in liquid equities, and has a clear risk profile. The absence of leverage, inverse strategies, or significant derivative exposure, combined with the physical replication method, supports the non-complex classification. The fund's risk level is rated 7, but this is due to sector concentration rather than structural complexity. The PRIIPs KID does not introduce any additional complexity factors, and there is no comprehension warning.",
    "confidence": 95
}