{
    "fund_name": "iShares Core MSCI World UCITS ETF",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the MSCI World Index, with no mention of synthetic replication, swaps, or leverage. The fund's investment strategy involves direct investment in equity securities that make up the index, with no indication of complex underlying assets or structured features. The risk profile is rated as medium, and the fund is suitable for medium to long-term investment. The use of derivatives is limited to efficient portfolio management (e.g., optimising techniques for replication), which does not trigger complexity under MiFID II. The fund is UCITS-compliant, which typically indicates a non-complex structure. The absence of leverage, inverse exposure, or complex underlying assets further supports the non-complex classification.",
    "confidence": 95
}