{
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The iShares Core MSCI World UCITS ETF is a physically replicated ETF that aims to track the MSCI World Index. The KIID and factsheet indicate that the fund primarily invests in equity securities of the index constituents and uses optimizing techniques, which may include selective sampling or derivatives for efficient portfolio management (EPM). However, the derivatives are not used for leverage or synthetic replication, and the fund does not employ swaps or other complex instruments as a core strategy. The risk profile is straightforward, with a risk rating of 6 out of 7, which is typical for equity ETFs. The fund is UCITS-compliant, providing additional investor protections and transparency. The absence of leverage, inverse strategies, or significant counterparty risk further supports the non-complex classification.",
    "confidence": 95
}