{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The iShares OMX Stockholm Capped UCITS ETF is a UCITS-compliant exchange-traded fund that physically replicates the OMX Stockholm Benchmark Cap\u2122 index by holding the underlying equity securities in similar proportions. The KIID and PRIIPs KID documents confirm the fund's passive management style with physical replication and no synthetic or swap-based replication. The fund may use financial derivative instruments (FDIs) only to a limited extent and for risk management purposes, not as an inherent part of the investment strategy, so derivatives are not considered a complexity factor here. There is no mention of synthetic replication, swap agreements, or counterparty exposure related to derivatives. The fund does not employ leverage, inverse exposure, or capital protection mechanisms. The risk indicator is moderate (4 out of 7 in PRIIPs KID, 6 in KIID but this is due to equity market risk concentration, not complexity). The fund invests directly in liquid, transparent equity securities of large and liquid Swedish companies, with no complex underlying assets such as contingent convertible bonds or CLOs. Costs are straightforward with a low ongoing charge of 0.10%, no performance fees, and no swap or derivative fees. The monthly factsheet confirms physical replication and no use of swaps or synthetic structures. There are no complexity flags such as capital protection, leverage, or complex derivatives. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}