{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares Lithium & Battery Producers UCITS",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The iShares Lithium & Battery Producers UCITS ETF aims to replicate the STOXX Global Lithium and Battery Producers Index by investing directly in the equity securities that make up the index, using physical replication. The KIID and PRIIPs KID documents confirm the fund is a UCITS ETF with a straightforward passive investment strategy focused on equities in the lithium industry theme. There is no mention of synthetic replication, swap agreements, total return swaps, or derivative instruments used as an inherent part of the investment strategy. Derivatives may be used only for direct investment purposes to help achieve the investment objective, which is typical for risk management and does not trigger complexity under MiFID II. The fund does not employ leverage, inverse or amplified exposure, nor does it invest in complex underlying assets such as contingent convertible bonds or CLOs. The risk profile is medium-high (5 out of 7), reflecting sector concentration and equity market volatility, but not complexity from structural features. The fund engages in short-term securities lending, but this is disclosed transparently and does not add complexity. The monthly factsheet confirms physical replication methodology and no use of swaps or synthetic structures. Fees are straightforward with a TER of 0.55%, no performance fees, and no complex fee structures. There are no capital protection or structured product features. Overall, the fund exhibits a clear, linear relationship to the underlying index performance, invests directly in liquid equity securities, and does not have significant counterparty risk exposure from derivatives or swaps. Therefore, it is classified as non-complex under MiFID II."
}