{
    "fund_name": "iShares MSCI AC Far East ex-Japan 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 ETF uses physical replication to track the MSCI AC Far East ex-Japan Index, investing directly in equity securities that make up the index. While it mentions the potential use of financial derivative instruments (FDIs) for direct investment purposes, this appears to be limited to American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs), which are not inherently complex. The fund does not use synthetic replication, leverage, or inverse strategies. The risk profile is rated 6, which is moderate, and the fund is UCITS-compliant, indicating it meets regulatory standards for transparency and investor protection. The PRIIPs KID and factsheet confirm the physical replication method and the absence of complex derivative strategies. The fund's investment in liquid, transparent securities and the straightforward tracking of a well-known index further support the non-complex classification.",
    "confidence": 95
}