{
    "name": "iShares UK Dividend UCITS ETF",
    "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 Dividend UCITS ETF is a physically replicated fund that aims to track the FTSE UK Dividend+ 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 does not employ leverage, inverse strategies, or synthetic replication. The risk profile is transparent, with a clear focus on high-yielding UK equities. 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 indicators and disclosures are standard for equity ETFs, with no additional complexity introduced by counterparty risk or illiquid assets. The fund is UCITS-compliant, which further supports its classification as non-complex under MiFID II.",
    "confidence": 95
}