{
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The iShares STOXX Europe 600 Media UCITS ETF is a physically replicated fund that directly invests in equities to track the STOXX Europe 600 Media Index. The KIID and factsheet confirm that the fund uses physical replication with at least 95% of assets matching the index. While the fund may use derivatives for efficient portfolio management (EPM), this is a standard practice and does not introduce complexity. The fund has no leverage, inverse exposure, or synthetic replication. The underlying assets are liquid equities, and the risk profile is straightforward, with a risk rating of 6 primarily due to sector concentration. The fund is UCITS-compliant, providing additional investor protections. The absence of complex structures, leverage, or significant derivative exposure supports the non-complex classification.",
    "confidence": 95
}