{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares Core MSCI Europe UCITS ETF MXN Hedged (Acc) Share Class",
    "investment_objective": "To achieve a return reflecting the MSCI Europe Index through capital growth and income",
    "primary_asset_class": "Equity",
    "geographic_focus": "Developed equity markets in Europe",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF aims to track the MSCI Europe Index by investing primarily in the equity securities that make up the index, using physical replication or optimised sampling techniques. The KIID and PRIIPs KID documents confirm the use of physical holdings with no synthetic replication or swap agreements mentioned. Derivatives are used only for currency hedging (FX forwards), which is a risk management tool rather than an inherent part of the investment strategy, so derivatives are marked false. There is no leverage, inverse or amplified exposure. The risk indicator is medium (4 out of 7) in the PRIIPs KID but 6 in the KIID, reflecting equity market risk rather than complexity. The fund is UCITS compliant, with a low ongoing charge (0.17%) and no performance fees. The monthly factsheet confirms physical product structure and direct investment in a broad range of European companies, with no mention of synthetic replication or complex underlying assets. No capital protection or structured features are present. Counterparty risk is limited to custodial and FX forward counterparties, typical for UCITS ETFs. Overall, the fund exhibits a straightforward, transparent, and linear investment strategy with minimal derivative use for hedging only, no leverage, and no complex underlying assets, leading to a non-complex classification under MiFID II."
}