{
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The iShares Dow Jones Industrial Average UCITS ETF is a physically replicated fund that directly holds the underlying equity securities of the Dow Jones Industrial Average Index. While the KIID mentions the potential use of financial derivative instruments (FDIs) for direct investment purposes, there is no indication of extensive or complex derivative usage, leverage, or synthetic replication. The fund's primary strategy is straightforward physical replication of a well-known, price-weighted equity index. The risk profile (rated 6) is typical for equity ETFs and does not suggest additional complexity. The fund's use of securities lending (with revenue sharing) is a common practice among ETFs and does not contribute to complexity under MiFID II. The absence of leverage, inverse strategies, or complex underlying assets further supports the non-complex classification.",
    "confidence": 95
}