{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares MSCI Europe Consumer Staples Sector UCITS ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF aims to replicate the MSCI Europe Consumer Staples 20/35 Capped Index by holding the underlying equity securities in similar proportions, indicating physical replication. There is no mention of synthetic replication, swap agreements, total return swaps, or derivative instruments used as part of the core investment strategy. The Fund may use financial derivatives only for investment purposes, but this is not indicated as a material or inherent part of the strategy, and no funded or unfunded swap structures or counterparty risks are highlighted. The risk profile is medium (4 out of 7 in PRIIPs KID, 5 in KIID), consistent with equity market risk rather than complexity-driven risk. The Fund does not employ leverage, inverse or amplified exposure. The underlying assets are large- and mid-cap equities in the consumer staples sector, which are liquid and transparent. No capital protection or structured features are present. Costs are straightforward with a TER of 0.18%, no performance fees, and no swap or derivative fees disclosed. The monthly factsheet confirms physical replication and no use of swaps or synthetic structures. There is no PRIIPs comprehension warning or complexity indication. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}