{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The iShares Asia ex Japan Equity Enhanced Active UCITS ETF is an actively managed UCITS ETF domiciled in Ireland, investing primarily in equity securities of Asian companies excluding Japan, with some allocation to investment grade fixed income and money market instruments. The KIID and PRIIPs KID documents indicate the Fund may use financial derivative instruments (FDIs) for investment purposes and risk management, but there is no explicit mention of synthetic replication, swap agreements, or unfunded/funded swap structures. The replication method is physical, as the Fund invests directly in underlying securities, including equities and bonds, with no indication of synthetic replication or total return swaps. The Fund does not employ leverage or inverse strategies; the risk indicator is moderate (4 out of 7 in PRIIPs KID, 6 in KIID but reflecting equity risk rather than complexity). The monthly factsheet confirms holdings are primarily physical equity securities and investment grade bonds, with no mention of complex structured products or contingent convertible bonds. Counterparty risk is noted only in the context of safekeeping and derivative counterparties but is not significant or indicative of synthetic replication. Costs are straightforward with a TER of 0.30%, no performance fees, and some securities lending revenue sharing, which is common and not a complexity driver. There are no capital protection or structured features. The Fund uses quantitative models for stock selection but this does not imply complexity under MiFID II. No leverage or amplified returns language is present. The PRIIPs KID does not carry a comprehension warning. Therefore, the Fund does not meet the MiFID II criteria for a complex financial instrument."
}