{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The iShares MSCI Global Semiconductors UCITS ETF aims to replicate the MSCI ACWI IMI Semiconductors & Semiconductor Equipment ESG Screened Select Capped Index by holding all the securities comprising the index in similar proportions, indicating physical replication. The KIID and PRIIPs KID documents confirm the Fund is a UCITS ETF with a straightforward passive investment strategy focused on equities in the semiconductor sector. There is no mention of synthetic replication, swap agreements, total return swaps, or derivative instruments used as part of the investment strategy. Derivatives may be used only for limited direct investment purposes, not as an inherent element of the strategy, so derivatives are marked false. The monthly factsheet explicitly states the product structure is physical. There is no leverage, inverse or amplified exposure language. The risk profile is medium-high (5 out of 7) due to sector concentration and emerging market exposure, but this does not imply complexity under MiFID II. No capital protection or structured features are present. Costs are straightforward with no performance fees or swap fees. Counterparty risk disclosures relate to normal custody and securities lending activities, not to synthetic replication or unfunded swaps. The index tracked is a standard MSCI equity index with ESG screening, not a complex or contingent bond index. No references to roll costs, contango, or backwardation effects are found. Therefore, the ETF is classified as non-complex under MiFID II criteria."
}