{
    "fund_name": "iShares EURO STOXX Small UCITS ETF EUR (Dist)",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF is physically replicated, invests directly in equity securities of small-cap Eurozone companies, and does not use derivatives for leverage or complex strategies. The fund's risk profile is straightforward, with a risk rating of 6 (medium risk) and no indications of capital protection features, structured products, or significant counterparty risk beyond standard market risks. The use of derivatives is limited to 'optimising techniques' for efficient replication, which is typical for physical ETFs and does not trigger complexity under MiFID II. The fund is UCITS-compliant, further supporting its non-complex classification.",
    "confidence": 95
}