{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares Core FTSE 100 UCITS ETF GBP (Acc)",
    "investment_objective": "To track the return of the FTSE 100 Index through capital growth and income",
    "primary_asset_class": "equity",
    "geographic_focus": "United Kingdom",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF physically replicates the FTSE 100 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 not as an inherent part of the strategy, and this usage is minimal and for risk management rather than leverage or synthetic exposure. The risk indicator is medium (4 out of 7) in the PRIIPs KID, reflecting normal equity market risk but no complexity flags such as leverage or capital protection. The fund does not employ leverage, inverse or amplified returns. The underlying assets are large-cap UK equities, which are liquid and transparent. The fund is UCITS compliant, with a low ongoing charge of 0.07%, no performance fees, and no complex fee structures. The monthly factsheet confirms physical replication and no use of swaps or complex derivatives. There are no capital protection or structured features. Counterparty risk is limited to normal custodial and securities lending counterparties, with no significant derivative counterparty exposure. Overall, the fund is straightforward, with a clear linear relationship to the FTSE 100 index performance, making it non-complex under MiFID II criteria."
}