{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The iShares Essential Metals Producers UCITS ETF aims to replicate the S&P Global Essential Metals Producers Index by investing directly in the equity securities comprising the index, using physical replication as confirmed in the KIID and monthly factsheet. There is no mention of synthetic replication, swap agreements, total return swaps, or derivative counterparty risk as an inherent part of the investment strategy. The Fund may use financial derivative instruments (FDIs) only for direct investment purposes or risk management, which does not trigger complexity under MiFID II. The Fund does engage in short-term securities lending, but this is a common practice and does not increase complexity. There is no leverage, inverse exposure, or capital protection features. The risk profile is medium-high (risk level 5-7 in KIID and PRIIPs), reflecting equity market and emerging market risks, but not complexity from derivatives or structured products. The underlying assets are equities of companies involved in metals production, which are liquid and transparent. Costs are straightforward with a TER of 0.55%, no performance fees, and no complex fee structures. The PRIIPs KID does not include any comprehension warnings or complexity flags. Overall, the ETF is a physical, passively managed equity ETF with no synthetic or leveraged elements, no complex underlying assets, and no capital protection features, leading to a non-complex classification under MiFID II."
}