{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "inverse": false,
    "derivatives": false,
    "swaps": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The iShares Euro Total Market Growth Large UCITS ETF aims to replicate the EURO STOXX Total Market Growth Large Index by physically holding the underlying equity securities in similar proportions. The KIID and PRIIPs KID documents confirm the fund uses physical replication and direct investment in large-cap Eurozone equities. There is no mention of synthetic replication, swap agreements, total return swaps, or derivative instruments used as an inherent part of the investment strategy. While the fund may use financial derivatives for investment purposes, this is not indicated as a core strategy or source of complexity, and derivative use is limited and not leveraged. The fund does not employ leverage, inverse exposure, or capital protection mechanisms. The risk profile is medium-high (5 out of 7), consistent with equity market risk, but no complexity flags such as contingent bonds, structured products, or significant counterparty risk are present. The monthly factsheet confirms physical replication and no use of swaps or synthetic structures. Costs are straightforward with a TER of 0.40%, no performance fees, and no complex fee structures. Securities lending is used but only to offset costs and does not add complexity. There are no references to complex indices, leverage, or structured features. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}