{
    "ucits": true,
    "type": "ETF",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": "None",
    "classification": "non-complex",
    "supporting_data": "The iShares FTSE 250 UCITS ETF is a UCITS-compliant, physically replicated ETF tracking a transparent, well-documented equity index (FTSE 250). It uses optimising techniques for portfolio management, which may include limited use of financial derivative instruments (FDIs) for efficient portfolio management (EPM), but not as a core part of the investment strategy. The ETF does not use synthetic replication, swaps, leverage beyond UCITS limits, or embedded derivatives. Securities lending is present but is a secondary, well-managed feature within UCITS rules and does not dominate the risk profile. The structure, risks, and payoff are straightforward and easily understood by retail investors with basic knowledge. The ETF is automatically non-complex under MiFID II Article 25(4)(a)(iv) as a standard UCITS, and there is no evidence of features that would trigger a complex classification under Article 57 of the Delegated Regulation[1]. No comprehension alert is required."
}