{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The iShares UK Dividend UCITS ETF is a straightforward, physically replicated ETF that tracks the FTSE UK Dividend+ Index. The KIID and PRIIPs documents confirm that the fund primarily invests in the equity securities that make up the index, with no mention of synthetic replication, swaps, or leverage. The use of derivatives is limited to 'efficient portfolio management' (e.g., hedging or reducing transaction costs), which does not trigger complexity under MiFID II. The fund's risk profile is rated as medium (risk level 6), and the underlying assets are liquid, transparent equities. There are no capital protection mechanisms, structured features, or complex underlying assets (e.g., CoCos, AT1 bonds, or CLOs). The fund's securities lending activity is standard for ETFs and does not introduce additional complexity. The PRIIPs KID does not include a 'comprehension warning,' further supporting the non-complex classification.",
    "confidence": 95
}