{
    "fund_name": "iShares MSCI EMU 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 EMU SRI Select Reduced Fossil Fuel Index, with no mention of synthetic replication, swaps, or leverage. The fund's investment strategy focuses on direct equity holdings, and the KIID explicitly states 'Methodology: Replicated' in the fact sheet. While the fund may use financial derivative instruments (FDIs) for efficient portfolio management, there is no indication of extensive or complex derivative usage that would trigger MiFID II complexity. The risk profile is rated 6, which is moderate, and the fund's strategy is straightforward, focusing on ESG-screened equities. The fact sheet confirms the fund holds 64 equity positions, with no mention of derivative exposure or counterparty risk beyond standard disclosures. The absence of leverage, inverse strategies, or complex structured products supports the non-complex classification.",
    "confidence": 95
}