{
    "fund_name": "iShares MSCI Turkey UCITS ETF",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The iShares MSCI Turkey UCITS ETF is classified as non-complex under MiFID II based on the following analysis: 1) Physical replication method (direct investment in underlying securities), 2) No leverage or inverse exposure, 3) No synthetic replication or swap agreements mentioned, 4) Straightforward equity index tracking with no complex structured features, 5) Risk profile is rated 7 (medium risk) but this is typical for emerging market equity exposure, 6) Derivatives are mentioned for potential use but only for efficient portfolio management (securities lending) and not as part of the core strategy, 7) The PRIIPs KID confirms physical replication and no complex features. The fund's transparency, liquidity, and straightforward investment approach align with typical non-complex ETF characteristics.",
    "confidence": 95
}