{
    "complex": false,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "ucits": true,
    "type": "ETF",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the STOXX Europe 600 Index, with direct investment in underlying securities. While it mentions potential derivative use for managing inflows/outflows and hedging, this is standard for efficient portfolio management and does not indicate a complex strategy. The fund has a straightforward equity exposure with no leverage, inverse features, or capital protection mechanisms. The risk profile is aligned with European equities, and the documentation does not suggest any sophisticated or opaque structures. The PRIIPs KID and factsheet confirm physical replication and minimal derivative usage, reinforcing the non-complex classification.",
    "confidence": 95
}