{
    "fund_name": "iShares NASDAQ 100 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 NASDAQ 100 UCITS ETF is a physically replicated ETF that aims to track the NASDAQ 100 Index by holding the underlying equity securities. While the KIID mentions the use of financial derivative instruments (FDIs) for currency hedging and efficient portfolio management, these are not used for leverage or synthetic replication. The primary use of derivatives is for hedging purposes, which is a common and accepted practice under MiFID II for non-complex instruments. The ETF does not exhibit any of the key complexity indicators such as leverage, inverse exposure, or synthetic replication. The risk profile is clearly disclosed, and the underlying assets are liquid and transparent. The ETF is UCITS-compliant, which further supports its classification as non-complex.",
    "confidence": 95
}