{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares Core MSCI EM IMI UCITS ETF USD (Dist)",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF aims to replicate the MSCI Emerging Markets Investable Market Index (IMI) by holding the underlying equity securities in similar proportions, indicating physical replication. The KIID and PRIIPs KID documents confirm the use of physical replication with no mention of synthetic replication, swap agreements, or total return swaps. The fund may use financial derivative instruments (FDIs) only for direct investment purposes, but this is limited and not inherent to the strategy, so derivatives are marked false. There is no leverage, inverse or amplified exposure mentioned. The risk profile is medium (4 out of 7 in PRIIPs KID, 6 in KIID but this is due to emerging market equity risk, not complexity). The fund invests in liquid equity securities, ADRs, and GDRs, with no complex underlying assets such as contingent convertible bonds or CLOs. No capital protection or structured features are present. Costs are straightforward with a TER of 0.18%, no performance fees, and no swap or derivative fees. The monthly factsheet confirms physical replication and no use of swaps or synthetic structures. Counterparty risk is mentioned only in the context of custody and securities lending, which is standard and does not imply complexity. There is no comprehension warning in the PRIIPs KID. Overall, the fund is a straightforward, physical replication UCITS ETF tracking a broad emerging markets equity index, with no inherent complexity factors under MiFID II."
}