{
    "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 UCITS ETF is a physically replicated ETF that directly holds the underlying securities of the MSCI USA Index. While the KIID mentions the potential use of financial derivative instruments (FDIs) for direct investment purposes, it does not indicate extensive or complex derivative usage. The ETF's primary strategy is physical replication, and any derivative use appears to be for efficient portfolio management rather than as a core investment strategy. The risk profile is straightforward, with a clear focus on large and mid-cap U.S. equities. The ETF is UCITS-compliant, which imposes additional investor protection and transparency requirements. The absence of leverage, inverse strategies, or complex underlying assets further supports the non-complex classification.",
    "confidence": 95
}