{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The iShares MSCI USA Screened UCITS ETF (IE00BFNM3G45) is a physically replicated ETF that tracks the MSCI USA Screened Index, which applies ESG exclusionary criteria to the parent MSCI USA Index. The fund invests directly in equity securities that make up the index, in similar proportions, and does not use derivatives for investment purposes beyond potential short-term secured lending. The KIID and PRIIPs documents confirm physical replication and no mention of synthetic replication, swaps, or leverage. The fund's risk profile (rated 6) is primarily due to equity market risks and ESG screening, not derivative-related risks. The absence of complex structures, leverage, or inverse strategies, along with the fund's UCITS compliance and straightforward equity exposure, supports a non-complex classification under MiFID II.",
    "confidence": 95
}