{
    "fund_name": "iShares MSCI Europe Health Care Sector EUR (Acc)",
    "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 Europe Health Care 20/35 Capped Index, investing directly in equity securities. While it may use financial derivative instruments (FDIs) for direct investment purposes, the KIID and PRIIPs documents do not indicate extensive or complex derivative usage. The fund's risk profile is rated 6, which is moderate, and the underlying assets are large- and mid-cap equities in the healthcare sector. There is no mention of synthetic replication, leverage, inverse strategies, or capital protection features. The fund's methodology is straightforward, and the risks are clearly disclosed. The PRIIPs document confirms the product structure is 'Physical,' reinforcing the non-complex classification.",
    "confidence": 95
}