{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares Global Clean Energy UCITS ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The iShares Global Clean Energy UCITS ETF aims to replicate the S&P Global Clean Energy Index by physically holding the equity securities that make up the index in similar proportions. The KIID and PRIIPs KID documents confirm the use of physical replication with no mention of synthetic replication, swap agreements, or total return swaps. The fund may use financial derivative instruments (FDIs) only to help achieve the investment objective, but this is not an inherent element of the strategy and is likely for risk management purposes, thus derivatives are marked false. There is no leverage, inverse or amplified exposure indicated in any document. The fund invests in liquid equity securities of clean energy companies globally, with no complex underlying assets such as contingent convertible bonds or CLOs. The risk profile is medium-high (5 out of 7 in PRIIPs KID, 7 out of 7 in KIID, reflecting sector concentration and market volatility rather than structural complexity). 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. The monthly factsheet confirms physical replication and no use of swaps or CFDs as a material part of the strategy. Although the fund may engage in short-term securities lending and limited derivative use for risk management, these do not trigger complexity under MiFID II. There is no comprehension warning in the PRIIPs KID. Therefore, the fund is classified as non-complex under MiFID II."
}