{
    "fund_name": "iShares Agribusiness UCITS ETF USD (Acc)",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the S&P Commodity Producers Agribusiness Index, investing directly in equity securities. While it mentions the potential use of financial derivative instruments (FDIs) for efficient portfolio management, there is no indication of synthetic replication, leverage, inverse strategies, or complex structured products. The risk profile is rated 6 (medium risk), and the fund's strategy is straightforward, focusing on capital growth and income from agribusiness equities. The PRIIPs KID and factsheet confirm physical replication and no material derivative exposure beyond standard hedging. The fund's transparency, liquidity, and clear investment objective align with non-complex classification under MiFID II.",
    "confidence": 90
}