{
    "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 MSCI EM Asia UCITS ETF USD (Acc) is a UCITS-compliant, physically replicating ETF that aims to track the MSCI Emerging Markets Asia Index by holding the underlying equity securities in similar proportions. The fund may use financial derivative instruments (FDIs) for efficient portfolio management (EPM), but there is no indication that derivatives are central to the investment strategy or that the fund uses synthetic replication, swaps, or leverage beyond UCITS limits. The fund engages in securities lending, but this is a secondary feature, well-managed within UCITS rules, and does not dominate the risk profile. The index is transparent, and the fund's structure, risks, and objectives are straightforward and easily understood by retail investors with basic knowledge. No embedded derivatives, contingent convertible bonds, or complex indices are present. Therefore, the ETF meets all criteria for non-complex classification under MiFID II Article 25(4)(a)(iv) and Article 57 of the Delegated Regulation[1][2]."
}