{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The iShares Core MSCI EMU UCITS ETF is a physically replicated ETF that tracks the MSCI EMU Index. It does not use synthetic replication, leverage, or inverse strategies. The fund invests directly in the equity securities that make up the index, following a straightforward physical replication approach. While the KIID mentions the potential use of financial derivative instruments (FDIs) for direct investment purposes, the PRIIPs KID and factsheet confirm that the fund uses physical replication. The risk profile is rated as medium (risk level 6), which is typical for equity ETFs. There are no indications of complex underlying assets, capital protection mechanisms, or structured features. The fund's use of derivatives is limited to efficient portfolio management (e.g., securities lending), which does not trigger complexity under MiFID II. The overall structure is transparent, liquid, and suitable for retail investors.",
    "confidence": 95
}