{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The iShares Russell 1000 Value UCITS ETF is a UCITS-compliant ETF that physically replicates the Russell 1000 Value UCITS 30/18 Capped Net Tax 15% Index by holding the underlying equity securities in similar proportions to the index. The KIID and PRIIPs KID documents confirm that the fund uses physical replication and only mentions the possible use of financial derivative instruments (FDIs) for direct investment purposes to help achieve the investment objective, but this is not an inherent part of the strategy and is likely for efficient portfolio management or risk mitigation. There is no mention of synthetic replication, swap agreements, total return swaps, or counterparty exposure related to derivatives. The fund does not employ leverage, inverse or amplified exposure, nor does it invest in complex underlying assets such as contingent convertible bonds or structured products. The risk profile is medium-high (5 out of 7), consistent with equity market risk, but no complexity flags such as capital protection or structured features are present. Costs are straightforward with a low ongoing charge (0.18%) and no performance fees or swap fees. The monthly factsheet confirms physical replication methodology and no use of swaps or synthetic structures. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}