{
    "fund_name": "iShares MSCI World Quality Factor ESG",
    "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 Quality ESG Reduced Carbon Target Select Index. While it mentions the potential use of financial derivative instruments (FDIs) for direct investment purposes, there is no indication of synthetic replication, leverage, or inverse strategies. The risk profile is rated 6, which is moderate, and the fund's investment strategy focuses on high-quality equities with ESG criteria. The underlying index methodology is transparent, and the fund does not hold complex assets like contingent convertible bonds or structured products. The use of derivatives, if any, appears to be for efficient portfolio management rather than as an inherent part of the strategy. The PRIIPs KID and factsheet confirm the physical replication method and do not indicate any complexity triggers under MiFID II.",
    "confidence": 90
}