{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares \u20ac Cash UCITS ETF",
    "investment_objective": "Provide a return in line with money market rates by investing in high credit quality fixed income securities and money market instruments with short maturities.",
    "primary_asset_class": "Cash / Money Market Instruments",
    "geographic_focus": "Eurozone and other relevant markets, assets denominated in Euro",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS money market fund investing primarily in short-term, high credit quality fixed income securities and money market instruments with maturities under 397 days. The fund uses physical holdings of bonds, deposits, and money market instruments, with no indication of synthetic replication or use of swap agreements. Although the fund may use financial derivative instruments (FDIs), these are employed for investment purposes, risk reduction, cost reduction, or income generation, not as an inherent part of the investment strategy, and the derivative exposure is minimal and non-leveraged. The fund does not employ leverage, inverse or amplified exposure. The risk profile is very low (risk category 1 out of 7), consistent with money market funds. There are no capital protection or structured features. Counterparty risk is disclosed but is typical for money market funds and does not indicate complexity. Costs are straightforward with a low ongoing charge and no performance fees. The fund uses physical replication and invests in liquid, transparent securities. The monthly factsheet confirms no use of swaps or complex derivatives and shows holdings in short-term debt instruments and deposits. There is no mention of complex underlying assets such as contingent convertible bonds or CLOs. The PRIIPs KID does not include any comprehension warnings or complexity flags. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}