{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares Edge MSCI EM Minimum Volatility USD (Acc) Share Class",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS-compliant equity ETF tracking the MSCI Emerging Markets Minimum Volatility Index. It uses physical replication with direct investment in equity securities, employing optimisation techniques and representative sampling to closely track the index. The KIID and PRIIPs KID documents confirm no use of synthetic replication or swap agreements. There is no leverage, inverse exposure, or capital protection features. The risk rating is moderate (4 out of 7 in PRIIPs, 5 in KIID), consistent with equity market risk and emerging market exposure, but not indicative of complexity. The fund may use derivatives only for efficient portfolio management (e.g., hedging), not as an inherent part of the investment strategy, so derivatives are marked false. The monthly factsheet confirms physical replication and no mention of swap usage or complex underlying assets. Costs are straightforward with no performance fees or swap fees. Counterparty risk disclosures relate to standard custody and securities lending arrangements, not synthetic structures. No complex structured products or contingent bonds are held. Overall, the fund exhibits a clear, linear relationship to the underlying index and invests directly in liquid, transparent securities, making it non-complex under MiFID II criteria."
}