{
    "fund_name": "JPM Japan Research Enhanced Index Equity (ESG) UCITS ETF - USD (acc)",
    "isin": "IE00BP2NF958",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "Actively managed strategy",
        "ESG screening criteria",
        "Benchmark tracking with potential tracking error"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF is physically replicated and does not use derivatives for leverage or synthetic replication. It follows an actively managed strategy with ESG criteria but does not exhibit the complexity factors that would trigger a 'complex' classification under MiFID II. The use of derivatives is limited to efficient portfolio management, and the risk profile is aligned with the underlying Japanese equity market. The ETF is UCITS-compliant, which further supports its non-complex classification.",
    "confidence": 90
}