{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The iShares MSCI USA ESG Enhanced UCITS ETF (Acc) is a physically replicated ETF that tracks the MSCI USA ESG Enhanced Focus CTB Index. The KIID and PRIIPs documents confirm that the fund uses physical replication ('The Fund intends to replicate the Index by holding the equity securities which make up the Index, in similar proportions to it') and does not employ synthetic replication or derivatives for investment purposes. The only mention of derivatives is for potential short-term secured lending, which is a common practice in ETFs and does not trigger complexity under MiFID II. The fund has a straightforward equity investment strategy with no leverage, inverse exposure, or capital protection features. The risk profile is rated 6 (out of 7), which is typical for equity ETFs and does not indicate complexity. The underlying index is a standard ESG-enhanced equity index with no unusual or complex features. The fund is UCITS-compliant, which inherently limits the use of complex strategies. The PRIIPs KID does not contain a comprehension warning, further supporting the non-complex classification.",
    "confidence": 95
}