{
    "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 Core MSCI EM IMI UCITS ETF USD (Acc) is a UCITS-compliant, physically replicated ETF tracking a transparent, well-documented equity index (MSCI Emerging Markets Investable Market Index). It primarily holds the underlying equities in proportions similar to the index, with no evidence of synthetic replication, significant derivative use, leverage, or complex embedded features. Any use of derivatives is limited to efficient portfolio management (EPM) and is not central to the investment strategy. Securities lending is a secondary activity, well-managed within UCITS rules, and does not dominate the risk profile. The ETFu2019s structure, risks, and objectives are straightforward and easily understood by retail investors with basic knowledge. There are no contingent convertible bonds, swaps, or other complex instruments that would introduce opacity or advanced risks. The ETF meets all criteria for non-complex classification under MiFID II Article 57 and the UCITS presumption, with no features that would trigger a complex classification under ESMA guidelines or CESR technical advice."
}