{
    "fund_name": "iShares MSCI USA SRI UCITS ETF USD (Dist)",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "Complex ESG screening methodology",
        "Potential for securities lending (though not inherently complex)"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the MSCI USA SRI Select Reduced Fossil Fuel Index, which is a complex ESG-screened index but does not inherently make the ETF complex. The fund does not use derivatives for leverage or inverse exposure, and its risk profile is straightforward. The only potential complexity factor is the ESG screening methodology, which is transparent and disclosed. The fund's use of securities lending is common in ETFs and does not trigger complexity under MiFID II unless it involves significant counterparty risk or complex structures, which is not indicated here.",
    "confidence": 90
}