{
    "complex": false,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "ucits": true,
    "type": "ETF",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The iShares EURO STOXX 50 ESG UCITS ETF is a physically replicated ETF that aims to track the EURO STOXX 50 ESG Index. The KIID and factsheet indicate that the fund primarily holds the underlying equity securities of the index. While the fund may use financial derivative instruments (FDIs) for direct investment purposes, there is no indication of extensive or complex derivative usage, leverage, or synthetic replication. The fund is UCITS-compliant, has a straightforward investment objective, and invests in liquid, transparent securities. The risk profile is moderate (rated six), but this is primarily due to the nature of equity investments rather than structural complexity. The fund does not exhibit any of the key complexity indicators such as leverage, inverse exposure, or significant counterparty risk from derivatives.",
    "confidence": 95
}