{
    "fund_name": "iShares MSCI Japan ESG Screened UCITS ETF",
    "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 Japan ESG Screened Index, with no mention of synthetic replication, swaps, or leverage. The fund's investment strategy involves direct investment in equity securities that make up the index, with limited use of financial derivative instruments (FDIs) for optimization purposes. The risk profile is rated as medium (6/7), but this is typical for equity ETFs and does not indicate complexity. The fund is UCITS-compliant, which inherently limits the use of complex strategies. The PRIIPs KID and factsheet confirm the physical replication method and lack of derivative exposure beyond minimal optimization. The ETF is suitable for retail investors and does not exhibit any of the complexity indicators under MiFID II.",
    "confidence": 95
}