{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The iShares World Equity Enhanced Active ETF is classified as non-complex under MiFID II for the following reasons: 1) It uses physical replication (direct investment in equities) as its primary replication method, with no indication of synthetic replication or swap-based strategies. 2) While the KIID mentions the potential use of derivatives for investment purposes, risk reduction, and cost management, there is no evidence of extensive or complex derivative usage that would materially alter the fund's risk profile. 3) The fund does not employ leverage, inverse strategies, or capital protection mechanisms. 4) The underlying assets are straightforward equities, with no mention of complex instruments like contingent convertible bonds or structured products. 5) The risk profile is rated as medium (6/7), which is typical for equity funds and does not indicate excessive complexity. 6) The fund's active management approach, while quantitative, does not introduce complexity beyond standard equity investing. The PRIIPs KID and factsheet confirm the fund's straightforward equity focus and lack of complex derivative strategies. The absence of a 'comprehension warning' in the PRIIPs document further supports the non-complex classification.",
    "confidence": 90
}