{
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The iShares UK Property UCITS ETF is a physically replicated ETF that tracks the FTSE EPRA/Nareit UK Index. It primarily invests in equity securities of UK-listed real estate companies and REITs. While the KIID mentions the use of financial derivative instruments (FDIs) for currency hedging and efficient portfolio management, these are used in a limited and transparent manner. The ETF does not employ leverage, inverse strategies, or synthetic replication. The risk profile is clearly disclosed, and the underlying assets are straightforward and liquid. The ETF is UCITS-compliant, which adds an additional layer of investor protection and transparency. The use of derivatives is for hedging purposes and does not introduce significant additional risk or complexity. The ETF provides regular opportunities for disposal at fair value, and the risks are presented in a manner that is understandable to retail investors.",
    "confidence": 95
}