{
    "fund_name": "iShares MSCI Japan SRI 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 SRI Select Reduced Fossil Fuel Index, investing directly in equity securities. While it mentions the potential use of financial derivative instruments (FDIs) for efficient portfolio management, there is no evidence of synthetic replication, leverage, inverse strategies, or complex underlying assets. The risk profile is rated 6/7, but this is typical for equity ETFs and does not indicate complexity. The fund is UCITS-compliant, further supporting its non-complex classification. The PRIIPs KID and factsheet confirm the physical replication method and lack of derivative usage beyond potential hedging or efficient portfolio management, which does not trigger complexity under MiFID II.",
    "confidence": 95
}