{
    "fund_name": "iShares EURO STOXX 50 ESG UCITS ETF",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "ESG screening complexity",
        "Potential for securities lending",
        "Counterparty risk from lending"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the EURO STOXX 50 ESG Index, which is a straightforward equity index. While it mentions potential use of derivatives for direct investment purposes, there is no evidence of synthetic replication, leverage, or inverse strategies. The primary complexity factors are the ESG screening methodology and potential securities lending, but these do not meet MiFID II's criteria for complexity. The risk profile is rated 6/7, but this is typical for equity ETFs and does not indicate complexity. The fund is UCITS-compliant, which further supports its non-complex classification.",
    "confidence": 90
}