{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares Global Infrastructure UCITS ETF USD (Dist)",
    "investment_objective": "To track the return of the FTSE Global Core Infrastructure Index through capital growth and income by investing primarily in equity securities of companies in infrastructure sectors.",
    "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 physically replicates the FTSE Global Core Infrastructure 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 investment purposes, but this is not inherent to the strategy and derivative use is minimal and for risk management rather than replication, so derivatives are marked false. There is no leverage, inverse or amplified exposure. The risk indicator is medium (4 out of 7 in PRIIPs, 6 in KIID but this is due to sector concentration and equity market risk, not complexity). The fund invests in liquid, transparent equity securities of infrastructure companies globally. No capital protection or structured features are present. Costs are straightforward with a TER of 0.65%, no performance fees, and no swap or derivative fees. Counterparty risk is disclosed but limited to custodial and derivative counterparties, typical for UCITS ETFs. The monthly factsheet confirms physical replication and no use of swaps or synthetic structures. The index tracked is a standard market cap weighted equity index without complex features. No complex underlying assets like contingent convertible bonds or CLOs are held. Overall, the fund is straightforward, transparent, and does not meet MiFID II criteria for complexity."
}