{
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "ucits": true,
    "type": "ETF",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The iShares STOXX Europe 600 Banks UCITS ETF is a physically replicated ETF that tracks the STOXX Europe 600 Banks (Price Index). The KIID and PRIIPs documents confirm that the fund uses physical replication (direct investment in equities) and does not employ leverage, inverse strategies, or synthetic replication methods. The fund's investment objective is straightforward: to replicate the performance of the underlying index, which consists of large European banks. The risk profile is rated as medium (level 5 on a 7-point scale), which is typical for equity-based funds. There are no indications of complex structured products, capital protection mechanisms, or significant counterparty risks beyond standard market risks. The fund is UCITS-compliant, which inherently limits the use of derivatives to simple replication purposes. The PRIIPs document does not contain a comprehension warning, further supporting the non-complex classification. The fund's holdings are transparent, and the underlying index is composed of liquid, large-cap European bank stocks, making the investment strategy easily understandable for retail investors.",
    "confidence": 95
}