{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares Core FTSE 100 UCITS ETF GBP (Dist)",
    "investment_objective": "To replicate the return of the FTSE 100 Index through capital growth and income",
    "primary_asset_class": "Equity",
    "geographic_focus": "United Kingdom (UK)",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF aims to replicate the FTSE 100 Index by physically holding the equity securities in similar proportions to the index, as stated in both the KIID and PRIIPs KID. There is no mention of synthetic replication, swap agreements, total return swaps, or derivative instruments used as an inherent part of the investment strategy. The fund may use financial derivatives only to help achieve the investment objective, but this is for direct investment purposes and not indicative of synthetic replication or leverage. The fund does not employ leverage, inverse exposure, or capital protection mechanisms. The risk indicator in the KIID is rated 6 (on a scale where 7 is highest risk), reflecting equity market risk but not complexity from derivatives or leverage. The PRIIPs KID risk indicator is 4 out of 7, indicating medium risk but no complexity flags such as comprehension warnings or contingent features. The monthly factsheet confirms physical replication methodology, no use of swaps or synthetic structures, and holdings consist of 100 large UK companies with no complex underlying assets like contingent convertible bonds or CLOs. Securities lending is used to generate additional income but does not increase complexity. Costs are straightforward with a low ongoing charge of 0.07% and no performance fees. There are no capital protection or structured features. Overall, the ETF exhibits a straightforward, transparent, and linear investment strategy with minimal derivative use for risk management only, qualifying it as non-complex under MiFID II."
}