{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares MSCI EMU SRI UCITS ETF",
    "investment_objective": "To replicate the return of the MSCI EMU SRI Select Reduced Fossil Fuel Index through passive investment in equity securities that make up the index, with ESG/SRI criteria applied.",
    "primary_asset_class": "Equity",
    "geographic_focus": "EMU (Economic and Monetary Union of the European Union) region",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF physically replicates the MSCI EMU SRI Select Reduced Fossil Fuel Index by investing directly in the underlying equity securities in similar proportions. There is no mention of synthetic replication, swap agreements, or total return swaps. The Fund may use Financial Derivative Instruments (FDIs) only to help achieve the investment objective, which is typical for hedging or efficient portfolio management, not as an inherent part of the strategy, so derivatives are marked false. There is no leverage or inverse exposure. The risk profile 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). The Fund invests in liquid, transparent equity securities with ESG criteria applied, and does not hold 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 0.20%, no performance fees, and some securities lending revenue sharing. The monthly factsheet confirms physical replication and no use of swaps or synthetic structures. The PRIIPs KID does not carry any comprehension warnings or complexity flags. Overall, the ETF is a straightforward, physical, passive equity UCITS ETF with ESG criteria, and does not meet MiFID II complexity criteria."
}