{
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The iShares US Medical Devices UCITS ETF is a physically replicated ETF that tracks the Dow Jones U.S. Select Medical Equipment Capped 35/20 Index. It primarily invests in equity securities of companies in the medical devices sector. While the KIID mentions the potential use of financial derivative instruments (FDIs) for direct investment purposes, there is no indication of extensive or complex derivative usage, leverage, or synthetic replication. The fund's risk profile is rated 6, but this is primarily due to sector concentration risks rather than structural complexity. The fund does not exhibit any of the key complexity indicators such as leverage, inverse exposure, or significant counterparty risk from derivatives. The use of derivatives, if any, appears to be for efficient portfolio management rather than as a core strategy.",
    "confidence": 95
}