{
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The iShares Edge MSCI USA Momentum Factor UCITS ETF is a physically replicated ETF that tracks the MSCI USA Momentum Index. The KIID and factsheet indicate that the fund primarily invests in equity securities that make up the index, with no mention of leverage, inverse strategies, or significant derivative usage beyond potential FX contracts for efficient portfolio management. The fund's risk profile is rated 6, but this is due to the nature of equity investments and factor focus rather than structural complexity. The use of derivatives is limited to direct investment purposes and does not introduce material additional risk or complexity. The fund is UCITS-compliant, which further supports its classification as non-complex under MiFID II.",
    "confidence": 95
}