{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares Core EURO STOXX 50 UCITS ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF aims to replicate the EURO STOXX 50 Index by physically holding the equity securities that make up the index in similar proportions, indicating physical replication. There is no mention of synthetic replication, swap agreements, total return swaps, or derivative instruments used as part of the core investment strategy, only limited use of derivatives for risk management purposes, which does not trigger complexity. The fund does not employ leverage, inverse or amplified exposure. The underlying assets are large-cap, liquid European equities, with no complex structured products or contingent bonds involved. The risk profile is medium-high (5 out of 7), consistent with equity market risk, but no additional complexity flags such as capital protection or structured features are present. Costs are straightforward with a low ongoing charge (0.10%) and no performance fees or swap fees. The PRIIPs KID and monthly factsheet confirm physical replication and no synthetic or leveraged elements. Counterparty risk is disclosed as standard for safekeeping and derivative counterparties but is not significant or unusual. There are no complexity warnings or comprehension warnings in the PRIIPs KID. Overall, the ETF exhibits a clear, linear relationship to the underlying index performance, invests directly in liquid securities, and uses derivatives only for efficient portfolio management, thus qualifying as non-complex under MiFID II."
}