{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares Edge MSCI World Minimum Volatility Advanced 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 equity ETF that aims to track the MSCI World Minimum Volatility Advanced Select Index using physical replication methods. The fund invests directly in equity securities that make up the index or similar securities through optimisation techniques. Although the fund may use financial derivative instruments (FDIs), these are employed for direct investment purposes and not as an inherent element of the strategy, thus derivatives exposure is minimal and not complex. There is no mention of synthetic replication, swap agreements, total return swaps, or counterparty risk 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 structured products. The risk profile is medium (4 out of 7 in PRIIPs KID, 6 in KIID but this relates to equity market risk rather than complexity), and the fund uses physical replication with a straightforward index-tracking objective. Costs are simple with a TER of 0.30%, no performance fees, and securities lending revenue sharing is disclosed but does not add complexity. The monthly factsheet confirms physical replication and no use of swaps or synthetic structures. No capital protection or structured features are present. Overall, the fund\u2019s structure and investment approach align with a non-complex classification under MiFID II."
}