{
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": null,
    "classification": "non-complex",
    "supporting_data": "The iShares MSCI Japan ESG Screened UCITS ETF is a physically replicated fund that aims to track the MSCI Japan ESG Screened Index. The KIID and factsheet indicate that the fund primarily invests directly in equity securities that make up the index, with only limited use of financial derivative instruments (FDIs) for optimization purposes. The fund does not employ leverage, inverse strategies, or synthetic replication. While the KIID mentions the use of FDIs, it explicitly states that their use is expected to be limited and likely for efficient portfolio management rather than as a core strategy. The fund has a straightforward investment objective, a clear risk profile (rated 6 out of 7, but this is typical for equity ETFs), and no capital protection or structured features. The counterparty risk is minimal and standard for UCITS ETFs. The fund is UCITS-compliant, which generally aligns with non-complex classifications under MiFID II. The factsheet confirms the physical replication method and provides transparent portfolio breakdowns, further supporting the non-complex classification.",
    "confidence": 95
}