{
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The iShares Euro Dividend UCITS ETF is a physically replicated ETF that aims to track the EURO STOXX Select Dividend 30 Index by holding the underlying equity securities. The KIID and factsheet indicate that the fund primarily uses physical replication, with derivatives only potentially used for efficient portfolio management (EPM) rather than as a core strategy. The fund has a straightforward investment objective, invests in liquid equities, and has a clear risk profile. While the KIID mentions the possibility of using financial derivative instruments (FDIs), it specifies that these are for direct investment purposes and not for leverage or complex strategies. The fund's risk rating of 6 is primarily due to equity market risks rather than structural complexity. The absence of leverage, inverse strategies, or synthetic replication supports the non-complex classification.",
    "confidence": 95
}