{
    "fund_name": "iShares STOXX USA Equity Multifactor",
    "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 and does not employ synthetic replication, leverage, or inverse strategies. The underlying index (STOXX US Equity Factor Screened) is a multi-factor equity index, but the fund's investment strategy involves direct investment in equity securities. The KIID and PRIIPs documents confirm the use of optimised replication techniques, but these do not involve derivatives or swaps. The risk profile is rated 6, which is moderate, and the fund's strategy is transparent and easily understandable for retail investors. The PRIIPs document does not include a comprehension warning, further supporting the non-complex classification.",
    "confidence": 95
}