{
    "fund_name": "iShares MSCI Europe ESG Enhanced UCITS ETF EUR (Dist)",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "Optimised index methodology",
        "ESG screening criteria",
        "Counterparty risk from derivatives (though minimal)"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication and does not employ leverage, inverse strategies, or synthetic replication methods. While it uses derivatives for direct investment purposes (as stated in the KIID), these are likely for efficient portfolio management rather than complex strategies. The optimised index methodology and ESG screening add some complexity, but the overall structure remains transparent and suitable for retail investors. The risk profile is rated 6 (out of 7), which is moderate, and the fund's holdings are liquid equities. The PRIIPs KID does not contain a comprehension warning, further supporting the non-complex classification.",
    "confidence": 0.95
}