{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares MSCI Europe Health Care Sector EUR (Acc) Share Class",
    "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 physically replicates the MSCI Europe Health Care 20/35 Capped Index by holding the underlying equity securities in similar proportions. There is no indication of synthetic replication or use of swap agreements or total return swaps. The fund may use financial derivatives only for investment purposes, but this is not inherent to the strategy and derivative use is minimal and not for leverage or synthetic exposure. The fund does not employ leverage, inverse or amplified return strategies. The underlying assets are large- and mid-cap European healthcare equities, which are liquid and transparent. There are no capital protection or structured product features. The risk profile is medium (4 out of 7 in PRIIPs KID, 6 in KIID but this is due to sector concentration, not complexity). Costs are straightforward with a low ongoing charge (0.18%) and no performance fees. Securities lending is used but revenue sharing does not increase costs. The monthly factsheet confirms physical replication and no use of swaps or complex derivatives. No complexity flags such as contingent convertible bonds, leverage, or structured features are present. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}