{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares MSCI World Mid-Cap Equal Weight USD (Acc) Share Class",
    "investment_objective": "To achieve a return reflecting the MSCI World Mid-Cap Equal Weighted Index through capital growth and income",
    "primary_asset_class": "Equity",
    "geographic_focus": "Developed countries globally",
    "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 that aims to track the MSCI World Mid-Cap Equal Weighted Index using physical replication or optimised sampling techniques. The KIID and PRIIPs KID explicitly state that the Fund invests directly in equity securities that make up the index or similar securities, with only limited and incidental use of financial derivative instruments (FDIs) expected, primarily for efficient portfolio management rather than as a core part of the investment strategy. There is no mention of synthetic replication, swap agreements, total return swaps, or counterparty exposure 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 driven by equity market risk and mid-cap exposure, not complexity). Costs are straightforward with a TER of 0.30%, no performance fees, and no swap or derivative fees. Securities lending is used but revenue sharing does not increase costs. The monthly factsheet confirms physical holdings of 782 equity securities with no indication of synthetic replication or derivative overlays. The Fund\u2019s benchmark is a standard equity index with an equal weighting methodology, which does not introduce complexity such as contingent features or structured returns. No capital protection or structured features are present. Overall, the Fund\u2019s structure, replication, and risk disclosures align with a non-complex classification under MiFID II."
}