{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares FTSE MIB UCITS ETF EUR (Acc)",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF aims to replicate the FTSE MIB Index by physically holding the equity securities that make up the index in similar proportions, indicating physical replication. There is no mention of synthetic replication, swap agreements, total return swaps, or derivative instruments used as part of the core investment strategy. Derivatives may be used only for risk management or direct investment purposes but not as an inherent element of the strategy, so derivatives are marked false. There is no leverage, inverse or amplified exposure language. The underlying assets are 40 of the most liquid and capitalized Italian equities, with no complex structured products or contingent bonds. The risk profile is medium-high (5 out of 7), consistent with equity market risk, but no complexity flags such as capital protection, structured features, or significant counterparty risk are present beyond normal custodial risk. Costs are straightforward with a TER of 0.33%, no performance fees, and no swap or derivative fees. The monthly factsheet confirms physical replication and direct investment in underlying securities. No PRIIPs comprehension warnings or complexity flags are present. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}