{
    "fund_name": "iShares AEX UCITS ETF",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The iShares AEX UCITS ETF is a physically replicated ETF that aims to track the AEX Index by holding the underlying equity securities in similar proportions. The KIID and factsheet indicate that the fund primarily uses physical replication, with derivatives only potentially used for efficient portfolio management (e.g., securities lending or hedging). The fund does not employ leverage, inverse strategies, or complex underlying assets. The risk profile is straightforward, with a risk rating of 6 primarily due to equity market exposure rather than structural complexity. The fund is UCITS-compliant, which imposes additional investor protections and transparency requirements. 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 absence of synthetic replication, leverage, or complex underlying assets supports the non-complex classification.",
    "confidence": 95
}