{
    "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 Europe Mid Cap UCITS ETF is a UCITS-compliant, physically replicated ETF tracking a transparent, liquid, and well-documented equity index. It uses optimising techniques for portfolio management, which may include limited use of financial derivative instruments (FDIs) for efficient portfolio management (EPM), but derivatives are not central to the investment strategy or index replication. The ETF may engage in securities lending, but this is a secondary activity, well-managed within UCITS rules, and does not dominate the risk profile. There is no significant leverage, no embedded derivatives, no complex index, and no contingent convertible bonds or swaps. The structure, risks, and payoff are straightforward and can be understood by retail investors with basic knowledge. Under MiFID II, all UCITS are automatically non-complex unless they are structured UCITS or use derivatives as a core part of the strategy, which is not the case here[1]. The ETFu2019s features do not trigger any of the complexity criteria under Article 57 of the MiFID II Delegated Regulation."
}