{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The iShares FTSE MIB UCITS ETF EUR (Acc) is a physically replicated ETF that invests directly in the equity securities of the FTSE MIB Index, which consists of 40 of the most liquid and capitalised Italian companies. The fund does not use synthetic replication, leverage, inverse strategies, or complex derivatives. It follows a straightforward physical replication strategy, holding the underlying securities in similar proportions to the index. The fund's risk profile is rated as medium (6 on a 7-point scale), which is typical for equity ETFs. The use of derivatives is limited to efficient portfolio management (e.g., securities lending to offset costs), which does not trigger complexity under MiFID II. The fund is UCITS-compliant, which further supports its non-complex classification. The PRIIPs KID and fact sheet confirm the physical replication method and the absence of complex strategies.",
    "confidence": 95
}