{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares Core MSCI World UCITS ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The iShares Core MSCI World UCITS ETF aims to track the MSCI World Index through physical replication, investing directly in equity securities of large and mid-cap companies across developed markets globally. The KIID and PRIIPs KID documents confirm the use of optimising techniques but do not indicate synthetic replication or swap usage. The fund uses physical replication as stated explicitly in the factsheet and does not employ leverage, inverse exposure, or capital protection mechanisms. Derivatives may be used only for efficient portfolio management or hedging purposes, not as an inherent part of the investment strategy, thus derivatives are marked false. The risk profile is medium (4 out of 7 in PRIIPs KID, 6 in KIID but this is due to equity market risk, not complexity). There is no mention of funded or unfunded swaps, total return swaps, or counterparty risk beyond normal custodial risk. Costs are straightforward with a TER of 0.20%, no performance fees, and no complex fee structures. The underlying assets are liquid, transparent equities with no complex structured products or contingent bonds. No capital protection or structured features are present. The PRIIPs KID does not carry any comprehension warnings or complexity flags. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}