{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares MSCI EMU SRI 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 MSCI EMU SRI Select Reduced Fossil Fuel Index by physically holding the equity securities that make up the index in similar proportions. 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 only for efficient portfolio management (risk management), not as an inherent part of the investment strategy, so derivatives are marked false. There is no leverage, inverse or amplified exposure language. The underlying assets are equities with ESG screening, no complex structured products or contingent bonds are held. The risk indicator is medium (4 out of 7 in PRIIPs KID, 6 in KIID but this is due to equity market risk and ESG screening, not complexity). Costs are straightforward with a TER of 0.20%, 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 securities lending and custodial arrangements, which is standard and does not imply complexity. No capital protection or structured features are present. No complexity warnings or comprehension warnings appear in the PRIIPs KID. Overall, the ETF exhibits a clear, linear relationship to the underlying index performance, invests directly in liquid, transparent equity securities, and uses derivatives only for risk management, thus it is classified as non-complex under MiFID II."
}