{
    "fund_name": "iShares Digital Security UCITS ETF",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "Complex Index",
        "Technology Sector Focus"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication and does not employ leverage, inverse strategies, or swaps. The primary complexity factors are the focus on a niche technology sector (digital security) and the use of a complex index (STOXX Global Digital Security Index) with specific revenue filters and equal weighting. However, these factors do not meet MiFID II's criteria for complexity, as the ETF remains transparent, liquid, and suitable for retail investors. The use of derivatives is limited and for efficient portfolio management, not as a core strategy. The risk profile is rated 6, but this is typical for equity ETFs and does not indicate complexity.",
    "confidence": 90
}