{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The iShares UK Dividend UCITS ETF aims to replicate the FTSE UK Dividend+ Index by physically holding the equity securities that make up the index in similar proportions. There is no mention of synthetic replication, swap agreements, or total return swaps in the KIID, PRIIPs KID, or monthly factsheet. The Fund may use financial derivatives only for direct investment purposes or risk management, but this is not an inherent part of the investment strategy, so derivatives are considered false for complexity purposes. There is no leverage, inverse or amplified exposure. The underlying assets are straightforward UK equities with no complex structured products or contingent bonds. The risk profile is medium-high (5 out of 7) reflecting equity market risk and concentration risk, but not complexity from derivatives or leverage. Costs are simple with a TER of 0.40%, no performance fees, and no swap or derivative fees. Securities lending is used but revenue sharing does not increase costs and is excluded from ongoing charges. No capital protection or structured features are present. The PRIIPs KID does not carry any comprehension warnings or complexity flags. The monthly factsheet confirms physical replication and direct investment in 49-50 UK companies with no indication of synthetic structures or complex derivatives. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}