{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares Digital Security UCITS ETF USD (Acc)",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS-compliant exchange-traded fund that aims to track the STOXX Global Digital Security Index by investing primarily in equity securities that constitute the index. The KIID and PRIIPs KID documents confirm the fund uses physical replication with optimising techniques, including strategic selection of securities, but the use of financial derivative instruments (FDIs) is expected to be limited and primarily for direct investment purposes rather than inherent to the strategy. There is no mention of synthetic replication, swap agreements, total return swaps, or counterparty exposure related to derivatives. The fund does not employ leverage, inverse or amplified exposure, nor does it invest in complex underlying assets such as contingent convertible bonds or CLOs. The risk profile is medium-high (5 out of 7) reflecting equity market and sector concentration risks, but not complexity from derivatives or leverage. Costs are straightforward with a TER of 0.40%, no performance fees, and no swap or derivative fees disclosed. The monthly factsheet confirms physical replication and no synthetic or swap-based structures. There are no capital protection or structured features. The fund invests in liquid, transparent equity securities globally focused on digital security sectors. No complexity flags such as contingent bonds, leverage, or significant counterparty risk are present. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}