{
    "fund_name": "iShares MSCI USA Leaders UCITS ETF USD (Dist)",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the MSCI USA Leaders Select Index, which consists of large and mid-cap US equities with strong ESG performance. The fund does not employ leverage, inverse strategies, or synthetic replication via swaps. While it may use financial derivative instruments (FDIs) for direct investment purposes, this appears to be for efficient portfolio management rather than as a core strategy. The risk profile is rated 6 (moderate), and the fund's holdings are transparent and liquid. There are no capital protection mechanisms, structured products, or complex underlying assets. The PRIIPs KID and factsheet confirm the physical replication approach and lack of derivative-heavy strategies. The fund's complexity is low, making it suitable for retail investors.",
    "confidence": 95
}