{
    "fund_name": "iShares MSCI France 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 France Index, investing directly in the underlying equity securities. There is no mention of synthetic replication, swaps, or leverage. The fund's investment strategy is straightforward, focusing on large and mid-cap French equities. The risk profile is rated 6 (medium risk), which is typical for equity ETFs. The use of derivatives is limited to short-term secured lending for additional income, which does not trigger complexity under MiFID II. The fund is UCITS-compliant, further indicating its suitability for retail investors. The PRIIPs KID and factsheet confirm the physical replication method and lack of complex structures.",
    "confidence": 95
}