{
    "fund_name": "iShares AI Infrastructure 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 STOXX Global AI Infrastructure Index, with no mention of synthetic replication, swaps, or leverage. The fund invests directly in equity securities of companies involved in AI infrastructure, with no indication of complex underlying assets like contingent convertible bonds or structured products. The risk profile is rated 6 (medium-high), but this is typical for equity ETFs and does not indicate complexity. The use of derivatives is limited to 'financial derivative instruments' for efficient portfolio management, which does not trigger complexity under MiFID II. The fund is UCITS-compliant, further supporting its non-complex classification. No counterparty risk warnings or structured features are present.",
    "confidence": 95
}