{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares MSCI Japan SRI UCITS ETF",
    "investment_objective": "To achieve a return reflecting the MSCI Japan SRI Select Reduced Fossil Fuel Index through capital growth and income by investing in equity securities of Japanese companies with higher ESG ratings.",
    "primary_asset_class": "equity",
    "geographic_focus": "Japan",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF physically replicates the MSCI Japan SRI Select Reduced Fossil Fuel Index by holding 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 derivatives only for efficient portfolio management (risk reduction or cost reduction), not as an inherent part of the investment strategy, so derivatives are marked false. There is no leverage or inverse exposure. The risk indicator in the KIID is 6 (on a scale of 1-7), reflecting equity market risk and concentration risk, but this is due to the nature of the underlying equities and ESG focus, not complexity from derivatives or leverage. The PRIIPs KID confirms a medium risk level (4 out of 7) and no capital protection or structured features. The monthly factsheet confirms physical replication and no use of swaps or synthetic structures. Securities lending is used to generate additional income but does not increase complexity. No complex underlying assets such as contingent convertible bonds or CLOs are held. The index tracked is a standard MSCI ESG index with sector and ESG filters, not a complex or leveraged index. No capital protection or structured features are present. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}