{
    "fund_name": "iShares MSCI World Health Care Sector Advanced UCITS ETF USD (Acc)",
    "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 World Health Care Advanced Select 20 35 Capped Index, with no mention of synthetic replication, swaps, or leverage. The fund invests directly in equity securities that make up the index, and while it may use financial derivative instruments (FDIs) for direct investment purposes, there is no indication of extensive or complex derivative usage. The risk profile is rated 6, which is relatively moderate, and the fund's strategy is straightforward, focusing on ESG-optimized exposure to the healthcare sector. The absence of complex structures, leverage, or inverse strategies, along with the physical replication method, supports the classification as non-complex.",
    "confidence": 95
}