{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares MSCI EM IMI ESG Screened UCITS USD (Acc)",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS-compliant exchange-traded fund that aims to replicate the MSCI EM IMI ESG Screened Index by holding the underlying equity securities directly in similar proportions (physical replication). The KIID and PRIIPs KID documents confirm the fund's primary asset class is equity, focused on emerging markets with ESG screening criteria. There is no mention of synthetic replication, swap agreements, total return swaps, or derivative instruments used as an inherent part of the investment strategy. Derivatives may be used but only to a limited extent and not as a core element of the strategy, thus derivatives are considered false for complexity purposes. The fund does not employ leverage, inverse or amplified exposure. The monthly factsheet explicitly states the product structure is physical replication. The risk indicator in the KIID is 6 (on a scale where 7 is highest), reflecting emerging market equity risk and ESG screening but not complexity from derivatives or leverage. 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. Counterparty risk disclosures relate to normal custody and operational risks, not to swap counterparties. The ESG screening and index complexity do not trigger MiFID II complexity classification. Therefore, the fund is classified as non-complex under MiFID II rules."
}