{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares STOXX Europe 600 Retail UCITS ETF (DE)",
    "investment_objective": "Passive replication of STOXX Europe 600 Retail Price Index",
    "primary_asset_class": "Equity",
    "geographic_focus": "Europe (18 countries)",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Fund aims to track the STOXX Europe 600 Retail Price Index by investing mostly in equities with at least 95% physical replication of the index. There is no mention of synthetic replication, swap agreements, or derivative instruments used as part of the investment strategy. The Fund may use financial derivatives only minimally and solely for efficient portfolio management, not as an inherent part of the strategy, so derivatives are marked false. There is no leverage or inverse exposure. The risk profile is medium-high (5 out of 7), reflecting equity market risk and sector concentration, but no complexity flags such as capital protection or structured features are present. The costs are straightforward with a TER of 0.46%, no performance fees, and no swap or derivative fees. The monthly factsheet confirms physical replication and direct investment in equities, with no indication of complex underlying assets or derivative usage. The PRIIPs KID does not include any comprehension warnings or complexity flags. Overall, the ETF is a standard physical equity UCITS ETF with a clear, linear investment objective and transparent risk profile, thus classified as non-complex under MiFID II."
}