{
    "complex": false,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "ucits": true,
    "type": "ETF",
    "complex_factors": null,
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the STOXX Europe 600 ESG Broad Market Equal Weight Index, which is a straightforward, transparent, and liquid equity index. The KIID explicitly states that the fund primarily invests in the underlying securities of the index. While the KIID mentions that derivatives may be used on an ancillary basis for hedging and investment purposes, this is a common practice for efficient portfolio management (EPM) and does not inherently make the ETF complex under MiFID II. The risk profile is rated 6, which is typical for equity ETFs and does not indicate complexity. There are no mentions of leverage, inverse strategies, or capital protection mechanisms. The ETF is UCITS-compliant, which generally aligns with non-complex classifications. The PRIIPs KID and factsheet reinforce the physical replication method and do not introduce additional complexity factors such as contingent bonds, complex indices, or significant counterparty risks.",
    "confidence": 95
}