{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares S&P 500 Information Technology USD (Acc) Share Class",
    "investment_objective": "To replicate the return of the S&P 500 Capped 35/20 Information Technology Index through passive management by holding equity securities in similar proportions to the index.",
    "primary_asset_class": "Equity",
    "geographic_sector_focus": "U.S. Information Technology sector stocks within the S&P 500 index",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS-compliant fund physically replicating the S&P 500 Information Technology sector index by holding the underlying equities directly. The KIID and PRIIPs KID documents confirm the use of physical replication with no synthetic or swap-based replication mentioned. The fund may use financial derivatives only for investment purposes, but this is not indicated as a core part of the strategy or for leverage, and derivative use is minimal and for risk management rather than inherent exposure, so derivatives are marked false. There is no leverage, inverse or amplified exposure language. The risk rating is 5 out of 7 (medium-high), reflecting sector concentration risk and equity market volatility, but not complexity from structure or instruments. The fund holds liquid, transparent equity securities with no complex underlying assets such as contingent convertible bonds or CLOs. The monthly factsheet confirms physical replication and no swap usage. Costs are straightforward with a low TER of 0.15%, no performance fees, and no complex fee structures. Securities lending is used but does not increase costs materially. No capital protection or structured features are present. Counterparty risk disclosures relate to normal custodial and derivative counterparty risk but are not significant complexity drivers. Overall, the fund is a straightforward, physically replicated equity ETF tracking a well-known index, with no synthetic replication, leverage, or complex underlying assets, thus classified as non-complex under MiFID II."
}