{
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The iShares MSCI AC Far East ex-Japan UCITS ETF is a physically replicated fund that aims to track the performance of the MSCI AC Far East ex-Japan Index by holding the underlying equity securities. The KIID and factsheet indicate that the fund primarily uses physical replication, with derivatives only potentially used for efficient portfolio management (EPM) purposes, such as securities lending or hedging. The fund does not employ leverage, inverse strategies, or synthetic replication. The risk profile is rated 6 out of 7, but this is primarily due to the inherent risks of emerging markets and equity exposure rather than structural complexity. The fund's transparency, liquidity, and straightforward investment strategy align with non-complex characteristics under MiFID II.",
    "confidence": 95
}