{
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The iShares MSCI USA ESG Enhanced UCITS ETF uses physical replication to track its benchmark index, primarily holding the underlying equity securities. While the KIID mentions the use of financial derivative instruments (FDIs) for currency hedging and potential direct investment purposes, these are limited to FX forward contracts and are used for risk management rather than as a core strategy. The fund does not employ leverage, inverse strategies, or synthetic replication. The risk profile is transparent, with a clear focus on ESG-enhanced US equities. The derivative usage is minimal and aligned with efficient portfolio management (EPM), not introducing additional complexity. The fund is UCITS-compliant, further supporting its non-complex classification.",
    "confidence": 95
}