{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares Electric Vehicles and Driving Technology UCITS ETF",
    "investment_objective": "To track the STOXX Global Electric Vehicles and Driving Technology Index through passive management investing primarily in equity securities of companies deriving significant revenue from electric vehicles and assisted-driving technologies.",
    "primary_asset_class": "equity",
    "geographic_focus": "Global, including developed and emerging markets",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS-compliant equity ETF physically replicating the STOXX Global Electric Vehicles and Driving Technology Index by investing directly in the underlying shares. The KIID and PRIIPs KID documents confirm the use of physical replication with no mention of synthetic replication, swap agreements, or derivative instruments as part of the core investment strategy. The fund uses 'optimising techniques' which may include strategic selection of securities or other securities providing similar performance, but this does not imply synthetic replication or significant derivative use. The fund may engage in short-term securities lending, but this is a common practice and does not increase complexity under MiFID II. There is no leverage, inverse exposure, or capital protection mechanism. The risk rating is 5 out of 7 (medium-high), reflecting equity market and sector concentration risks, but not complexity from derivatives or leverage. The monthly factsheet confirms physical replication and no use of swaps or synthetic structures. The underlying assets are equities of companies in the electric vehicle and driving technology sector, which are liquid and transparent. No contingent convertible bonds, structured products, or complex derivatives are held. Counterparty risk disclosures relate to standard custodial and securities lending counterparties, not to swap counterparties. Costs are straightforward with a TER of 0.40%, no performance fees, and no swap or derivative fees. There is no PRIIPs comprehension warning indicating complexity. Therefore, the ETF does not meet the MiFID II criteria for a complex financial instrument."
}