{
    "fund_name": "iShares Core MSCI Europe UCITS ETF EUR (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 Europe Index, with no mention of synthetic replication, swaps, or leverage. The KIID and fact sheet confirm a straightforward equity investment strategy with direct holdings in large/mid-cap European companies. While derivatives are permitted for efficient portfolio management (e.g., optimisation), there's no indication of extensive or complex derivative usage. The risk profile (level 6) aligns with typical equity market risks, and the fund is UCITS-compliant, further supporting its non-complex classification.",
    "confidence": 95
}