{
    "fund_name": "iShares Edge MSCI World Minimum Volatility Advanced UCITS ETF EUR Hedged (Acc)",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": true,
    "swaps": true,
    "inverse": false,
    "complex_factors": [
        "Currency hedging using derivatives",
        "Optimized replication techniques",
        "Complex index methodology"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF primarily uses physical replication with some optimized techniques and derivatives for currency hedging. While it uses derivatives, they are primarily for efficient portfolio management (currency hedging) rather than for leverage or complex strategies. The index methodology is complex (minimum volatility with ESG constraints), but the ETF itself is structured in a straightforward manner with no leverage or inverse exposure. The use of derivatives is limited to hedging and does not materially alter the risk profile. The fund is UCITS-compliant, which typically indicates a lower complexity level. The risk rating (6) is moderate, and the disclosures are clear. The main complexity factors are the index methodology and the use of derivatives for hedging, but these do not cross the threshold for MiFID II complexity classification.",
    "confidence": 85
}