{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares MSCI World Climate Transition Aware UCITS ETF",
    "investment_objective": "To replicate the MSCI World Transition Aware Select Index by investing in equity securities that make up the Index, reflecting a low-carbon economy transition focus with ESG exclusion criteria.",
    "primary_asset_class": "Equity",
    "geographic_focus": "Global (MSCI World Index constituents with ESG and climate transition filters)",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Fund is a UCITS ETF physically replicating the MSCI World Transition Aware Select Index by holding the underlying equity securities in similar proportions. There is no mention of synthetic replication, swap agreements, or total return swaps. The Fund may use financial derivatives only for direct investment purposes to produce a similar return to the Index, which is typical for efficient portfolio management and risk management, not as an inherent part of the investment strategy, so derivatives are marked false. There is no leverage, inverse or amplified exposure language. The underlying assets are equities, liquid and transparent, with no complex structured products or contingent bonds. The risk profile is medium (4 out of 7 in PRIIPs KID, 6 in KIID but this is due to equity market risk and ESG screening, not complexity). No capital protection or structured features are present. Costs are straightforward with a TER of 0.20%, no performance fees, and securities lending revenue sharing is disclosed but does not increase costs. Counterparty risk is mentioned only in the context of custodial and derivative counterparties but no significant exposure is indicated. The monthly factsheet confirms physical replication and no use of swaps or synthetic structures. No complexity warnings or comprehension warnings appear in the PRIIPs KID. Overall, the Fund exhibits a clear, linear relationship to the underlying index performance and invests directly in liquid equities, making it non-complex under MiFID II criteria."
}