{
    "fund_name": "iShares FTSE MIB 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 classified as non-complex under MiFID II based on the following analysis: 1) It uses physical replication to track the FTSE MIB Index, which consists of 40 liquid Italian equities. 2) There is no mention of synthetic replication, swaps, or derivative instruments in the KIID or PRIIPs documents. 3) The fund does not employ leverage or inverse strategies. 4) The underlying assets are straightforward equities, and the risk profile is clearly communicated as medium risk. 5) The fund is UCITS-compliant, which inherently aligns with non-complex classification. The only potential complexity factor is the use of financial derivative instruments (FDIs) for efficient portfolio management, but this is explicitly stated to be for achieving the investment objective and not for speculative purposes. The PRIIPs KID does not contain a comprehension warning, further supporting the non-complex classification.",
    "confidence": 95
}