{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares Core EURO STOXX 50 UCITS ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF aims to replicate the EURO STOXX 50 Index by physically holding the equity securities that make up the index in similar proportions, as explicitly stated in the KIID and confirmed by the factsheet which notes 'Physical' product structure and 'Replicated' methodology. There is no mention of synthetic replication, swap agreements, or total return swaps. The Fund may use financial derivatives only to help achieve investment objectives, but this is for direct investment purposes and not as an inherent element of the strategy, so derivatives are marked false. There is no leverage or inverse exposure; the risk indicator is medium-high (5/7) reflecting equity market risk rather than complexity. The underlying assets are large-cap Eurozone equities, liquid and transparent, with no complex structured products or contingent bonds. No capital protection or structured features are present. Costs are straightforward with a low ongoing charge (0.10%) and no performance fees or swap fees. Counterparty risk is disclosed as a standard risk related to safekeeping and derivative counterparties but no significant counterparty exposure is indicated. The PRIIPs KID does not include any comprehension warnings or complexity flags. The factsheet confirms no use of swaps or synthetic replication and shows a straightforward physical replication approach. Overall, the ETF exhibits none of the complexity indicators such as synthetic replication, leverage, complex underlying assets, or capital protection mechanisms that would classify it as complex under MiFID II. The medium-high risk rating is consistent with equity market risk, not structural complexity."
}