{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares Russell 1000 Growth UCITS ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The iShares Russell 1000 Growth UCITS ETF is a UCITS-compliant ETF that physically replicates the Russell 1000 Growth UCITS 30/18 Capped Net Tax 15% Index by holding the underlying equity securities in similar proportions. The KIID and PRIIPs KID documents confirm the fund uses physical replication and direct investment in equities, with no mention of synthetic replication, swap agreements, or derivative instruments used as an inherent part of the investment strategy. While the fund may use financial derivative instruments (FDIs) for direct investment purposes to help achieve the investment objective, this is typical for risk management and not indicative of complexity under MiFID II. There is no leverage, inverse exposure, or capital protection features. The risk profile is medium-high (5 out of 7) due to equity market exposure and counterparty risk related to safekeeping and securities lending, but this does not imply complexity. The fund's total expense ratio is low (0.18%), with no performance fees or complex fee structures. The monthly factsheet confirms physical replication methodology and no use of swaps or synthetic structures. The underlying assets are large and mid-cap US equities, which are liquid and transparent. No complex structured products or contingent convertible bonds are held. No complexity flags such as capital protection, leverage, or complex derivatives are present. Therefore, the fund is classified as non-complex under MiFID II."
}