{
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The iShares NASDAQ 100 UCITS ETF is a physically replicated ETF that aims to track the NASDAQ 100 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 (EPM) rather than as a core strategy. The fund has no leverage, inverse exposure, or complex underlying assets. The risk profile is transparent, with a clear focus on large-cap 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 leveraged or complex strategies. The fund's risk rating of 6 is typical for equity ETFs and does not indicate complexity. The absence of synthetic replication, leverage, or structured features supports the non-complex classification.",
    "confidence": 95
}