{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares STOXX Europe 50 UCITS ETF",
    "investment_objective": "To replicate the return of the STOXX Europe 50 Index through passive management by investing in the equity securities that make up the Index.",
    "primary_asset_class": "Equity",
    "geographic_focus": "Europe (50 largest companies from STOXX Europe 600 Index)",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF physically replicates the STOXX Europe 50 Index by holding the underlying equity securities in similar proportions. There is no mention of synthetic replication, swap agreements, or total return swaps. The fund may use financial derivatives only for risk management or direct investment purposes, but this is minimal and not inherent to the strategy, so derivatives are marked false. There is no leverage, inverse or amplified exposure. The underlying assets are large-cap, liquid European equities with no complex structured products or contingent bonds. The risk profile is medium (4 out of 7 in PRIIPs KID, 6 in KIID but driven by equity market risk, not complexity). The fund is UCITS compliant. Costs are straightforward with a TER of 0.35%, no performance fees, and some securities lending revenue sharing. No capital protection or structured features are present. Counterparty risk is limited to custodial and minimal derivative counterparties, typical for physical ETFs. The PRIIPs KID does not include any comprehension warnings or complexity flags. The monthly factsheet confirms physical replication and no use of swaps or synthetic structures. Overall, the ETF is a standard, physically replicated equity index fund with no complex features triggering MiFID II complexity classification."
}