{
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "ucits": true,
    "type": "ETF",
    "complex_factors": "None",
    "classification": "non-complex",
    "supporting_data": "The iShares EURO STOXX Banks 30-15 UCITS ETF (DE) is a UCITS-compliant, physically replicated ETF tracking a transparent, well-documented equity index. It invests primarily in equities, with at least 95% of assets matching the index, and does not use derivatives as a core part of its investment strategyu2014only for efficient portfolio management (EPM) with minimal impact on risk-return. There is no significant leverage, no embedded derivatives, no swaps, and no complex features such as contingent convertible bonds or structured payoffs. The ETF is listed, liquid, and provides comprehensive, publicly available information. Under MiFID II, UCITS ETFs are presumed non-complex unless they employ complex strategies or structures (e.g., synthetic replication, significant derivative use, or exposure to complex underlying assets), which is not the case here. The ETFu2019s structure, risks, and objectives are straightforward and can be understood by retail investors with basic knowledge, supporting a non-complex classification[1]."
}