{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares MSCI EMU Mid Cap UCITS ETF EUR (Acc)",
    "investment_objective": "To track the return of the MSCI EMU Mid Cap Index through capital growth and income accumulation",
    "primary_asset_class": "Equity",
    "geographic_focus": "Economic and Monetary Union (EMU) countries in Europe",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF aims to replicate the MSCI EMU Mid Cap Index by physically holding the underlying equity securities in similar proportions, as confirmed by the KIID and the factsheet stating 'Methodology: Replicated' and 'Product Structure: Physical'. There is no mention of synthetic replication, swap agreements, or total return swaps. The Fund may use financial derivatives only for investment purposes, but this is limited and not inherent to the strategy, so derivatives are marked false. There is no leverage or inverse exposure indicated. The risk profile is medium (4 out of 7 in PRIIPs KID, 6 in KIID but this is due to equity market risk, not complexity). No capital protection or structured features are present. Costs are straightforward with no swap or performance fees. The underlying assets are liquid mid-cap equities from developed EMU countries, with no complex bonds or structured products. Counterparty risk is mentioned only in the context of securities lending and safekeeping, which is standard and does not imply complexity. No complexity warnings or comprehension warnings appear in the PRIIPs KID. Overall, the ETF exhibits a straightforward, physical replication strategy with direct investment in liquid equities, no leverage, no synthetic structures, and no complex underlying assets, leading to a non-complex classification under MiFID II."
}