{
    "fund_name": "iShares NASDAQ 100 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 is a physically replicated UCITS-compliant ETF that tracks the NASDAQ-100 Index. It invests directly in the equity securities of the index constituents, with no mention of synthetic replication, swaps, or leverage. The fund uses derivatives only for efficient portfolio management (e.g., hedging or reducing transaction costs), which does not trigger complexity under MiFID II. The risk profile is straightforward, and the underlying assets (large-cap US equities) are liquid and transparent. The fund's documentation does not indicate any complex features such as capital protection, structured products, or contingent convertible bonds. The PRIIPs KID and fact sheet confirm the physical replication method and lack of derivative-based complexity.",
    "confidence": 95
}