{
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The iShares S&P 500 ESG UCITS ETF is a physically replicated ETF that aims to track the S&P 500 ESG Index. The KIID and factsheet indicate that the fund primarily holds the underlying equity securities of the index. While the KIID mentions that the fund may use financial derivative instruments (FDIs) for direct investment purposes, it does not specify extensive or complex derivative usage. The fund's risk profile is rated as 6, but this is primarily due to the nature of its equity investments rather than complexity in structure. The fund does not employ leverage, inverse strategies, or synthetic replication. The use of derivatives appears to be limited and likely for efficient portfolio management rather than as a core strategy. The fund is UCITS-compliant, which generally implies a higher level of investor protection and transparency. The factsheet and KIID do not indicate any complex features such as capital protection mechanisms, structured products, or exposure to illiquid assets. The fund's methodology is straightforward replication of an ESG-screened version of a well-known index, the S&P 500.",
    "confidence": 95
}