{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The iShares  Cash UCITS ETF is a straightforward money market fund that primarily invests in high-quality fixed income securities and money market instruments with short maturities. The fund uses physical replication and does not employ leverage, inverse strategies, or synthetic replication methods. While the KIID mentions the potential use of financial derivative instruments (FDIs) for investment purposes, risk reduction, or cost efficiency, the context suggests this is for efficient portfolio management rather than complex strategies. The fund's risk profile is rated as 'lower risk' (level 1), and its investment strategy focuses on maintaining capital and liquidity. The underlying assets are liquid and transparent, with no indication of complex structured products or contingent convertible bonds. The PRIIPs KID and fact sheet confirm the fund's simple structure, with no comprehension warnings or indications of complexity. The fund's primary risks are credit and counterparty risk, which are typical for money market funds and do not elevate the complexity beyond standard expectations for such funds. Therefore, the fund qualifies as non-complex under MiFID II.",
    "confidence": 95
}