{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares Core MSCI EMU UCITS ETF MXN Hedged (Acc) Share Class",
    "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 Index by physically holding the equity securities that make up the index in similar proportions, indicating physical replication. The fund is UCITS compliant and uses derivatives only for currency hedging purposes (FX forward contracts), not as an inherent part of the investment strategy, so derivatives are marked false. There is no mention of synthetic replication, swap agreements, total return swaps, or counterparty exposure related to derivatives. The fund does not employ leverage or inverse strategies, and the risk indicator is medium (4 out of 7 in PRIIPs KID, 6 in KIID but driven by equity market risk, not complexity). The underlying assets are large and mid-cap liquid equities from developed EMU countries, with no complex structured products or contingent bonds. The fund uses securities lending to generate additional income but this does not increase complexity under MiFID II. Costs are straightforward with a low ongoing charge (0.17%) and no performance fees. The PRIIPs KID does not include any comprehension warnings or complexity flags. The monthly factsheet confirms physical replication and no use of swaps or leverage. Overall, the fund exhibits a straightforward, transparent, and linear investment strategy with minimal derivative use solely for hedging, no leverage, and no complex underlying assets, leading to a non-complex classification under MiFID II."
}