{
    "ucits": true,
    "type": "ETF",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": "None",
    "supporting_data": "The iShares Edge MSCI EM Value Factor UCITS ETF is a UCITS-compliant, physically replicating ETF that invests directly in the equity securities of the underlying index. It does not use derivatives as a core part of its investment strategy, nor does it employ leverage, swaps, or inverse strategies. The ETF may use financial derivative instruments (FDIs) for efficient portfolio management (EPM), but such use is limited and not central to the fund's objective. The fund may engage in securities lending, but this is a secondary activity, well-managed within UCITS rules, and does not introduce significant counterparty risk or opacity. The index tracked is transparent and well-documented, and the fund's structure, risks, and objectives are straightforward and easily understood by retail investors with basic knowledge. There are no embedded derivatives, contingent convertible bonds, or other complex features that would make the product difficult to understand. The UCITS presumption of non-complexity is not overturned by any feature of this ETF.",
    "classification": "non-complex"
}