{
    "complex": false,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "ucits": true,
    "type": "ETF",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The iShares MSCI World Quality Dividend Advanced UCITS ETF uses physical replication to track the MSCI World High Dividend Yield ESG Reduced Carbon Target Select Index. While the KIID mentions limited use of financial derivative instruments (FDIs) for direct investment purposes, this is not a primary strategy and does not indicate synthetic replication. The fund's primary risk factors are equity market volatility and index methodology risks, which are typical for equity ETFs. There is no mention of leverage, inverse strategies, or complex structured products. The fund is UCITS-compliant and follows a straightforward passive investment approach with a clear risk profile (rated 6/7). The PRIIPs KID and factsheet confirm physical replication and do not indicate any complex derivative strategies beyond what is typical for efficient portfolio management. The fund's holdings are transparent, consisting of large and mid-cap equities with no exposure to contingent convertible bonds or other complex securities.",
    "confidence": 95
}