{
    "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 Mexico Capped UCITS ETF is a physically replicated ETF that aims to track the MSCI Mexico Capped Index by holding the underlying equity securities. While the KIID mentions the potential use of financial derivative instruments (FDIs) for direct investment purposes, it does not indicate extensive or complex derivative usage. The primary replication method is physical, and there is no mention of leverage, inverse strategies, or synthetic replication. The risk profile is rated 7, but this is due to the inherent risks of investing in emerging markets and equity securities, not due to structural complexity. The ETF is UCITS-compliant, which generally implies a higher level of investor protection and transparency. The use of derivatives appears to be limited and likely for efficient portfolio management rather than as a core strategy.",
    "confidence": 90
}