{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares STOXX Europe 600 Insurance UCITS ETF (DE)",
    "investment_objective": "Track the performance of the STOXX Europe 600 Insurance (Price Index) as closely as possible",
    "primary_asset_class": "equity",
    "geographic_focus": "Europe (18 European countries)",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The Fund aims to physically replicate the STOXX Europe 600 Insurance Price Index by investing mostly in equities with at least 95% duplication of the index. There is no intention to use leverage, although minimal leverage may arise from financial derivative instruments used solely for efficient portfolio management, not as an inherent part of the investment strategy. The risk profile is medium-high (risk level 5-6), reflecting sector concentration and equity market risks, but no complex derivative or leverage structures are employed. The monthly factsheet confirms physical replication and no use of synthetic swaps or complex derivatives. No capital protection or structured features are present. Costs are straightforward with no performance fees or swap fees. The PRIIPs KID confirms suitability for retail investors with basic knowledge and no complexity warnings or comprehension alerts. Counterparty risk is disclosed as a general operational risk but no significant counterparty exposure from swaps or derivatives is indicated. Overall, the ETF is a straightforward, physical equity index tracker with minimal derivative use for risk management, thus classified as non-complex under MiFID II."
}