{
    "fund_name": "iShares MSCI USA Screened 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 Screened Index, which excludes certain ESG-unfriendly companies. While it mentions the possibility of using financial derivative instruments (FDIs) for direct investment purposes, the fact sheet explicitly states 'Methodology: Replicated' and 'Product Structure: Physical', indicating no synthetic replication or swap usage. The risk profile is rated 6 (medium-high), but this is typical for equity ETFs and does not indicate complexity. The ETF holds 526 liquid US equities with no leverage, inverse exposure, or structured products. The only potential complexity factor would be the ESG screening methodology, but this is standard for many ETFs and does not make the product inherently complex. The PRIIPs KID does not contain a comprehension warning, further supporting the non-complex classification.",
    "confidence": 95
}