{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares Global Infrastructure UCITS ETF",
    "investment_objective": "To track the FTSE Global Core Infrastructure Index through capital growth and income",
    "primary_asset_class": "Equity",
    "geographic_focus": "Global (Developed and Emerging Markets)",
    "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 Global Core Infrastructure Index by physically holding the equity securities in similar proportions to the index. There is no mention of synthetic replication, swap agreements, or total return swaps. The fund may use financial derivatives only for investment purposes, but this is not indicated as a core part of the strategy, and derivative use is minimal or for risk management, thus derivatives are marked false. There is no leverage or inverse exposure. The risk indicator in the KIID is 6 out of 7, reflecting the sector concentration and equity market risk, but this is typical for sector equity ETFs and does not imply complexity under MiFID II. The fund is UCITS compliant, uses physical replication, invests in liquid equity securities, and does not have capital protection or structured features. The costs are straightforward with a TER of 0.65%, no performance fees, and no swap or derivative fees. The monthly factsheet confirms physical replication and no use of swaps or synthetic structures. No complexity flags such as contingent bonds, leverage, or capital protection mechanisms are present. Therefore, the ETF is classified as non-complex under MiFID II."
}