{
    "complex": false,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "ucits": true,
    "type": "ETF",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The iShares MSCI EM IMI ESG Screened UCITS ETF is classified as non-complex under MiFID II based on the following analysis: 1. Physical Replication: The fund explicitly states it aims to replicate the index by holding the equity securities in similar proportions, with derivatives used only for direct investment purposes and expected to be limited. 2. No Leverage or Inverse Exposure: There is no mention of leverage, inverse strategies, or amplified returns. 3. Straightforward Strategy: The fund's objective is to track a standard equity index with ESG screening, which is a common and transparent approach. 4. UCITS Compliance: The fund is UCITS-compliant, which inherently limits the use of complex strategies. 5. Risk Profile: The risk profile is rated 6/7, but this is typical for emerging markets equity funds and does not indicate complexity. 6. Derivative Usage: While the KIID mentions the possibility of using derivatives, the PRIIPs KID and factsheet confirm the fund uses physical replication, with derivatives only for efficient portfolio management (e.g., hedging or reducing transaction costs). 7. No Counterparty Risk: The counterparty risk mentioned in the KIID is standard for UCITS funds and does not indicate synthetic replication or complex derivative exposure. 8. Transparency: The fund provides clear information on holdings, methodology, and risks, making it suitable for retail investors.",
    "confidence": 95
}