{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares Automation & Robotics UCITS ETF",
    "investment_objective": "To track the STOXX Global Automation & Robotics Index through passive management investing primarily in equity securities of companies deriving significant revenues from automation and robotics sectors.",
    "primary_asset_class": "Equity",
    "geographic_focus": "Global - Developed and Emerging Markets",
    "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 physically invests in the underlying securities of the STOXX Global Automation & Robotics Index. The KIID and PRIIPs KID documents confirm the fund uses physical replication with optimising techniques, but no synthetic replication or swap agreements are mentioned. There is no indication of leverage, inverse exposure, or capital protection features. The risk profile is medium-high (5 out of 7) due to sector concentration and market volatility, but this does not imply complexity under MiFID II. The fund holds liquid equity securities, with no complex structured products or contingent bonds. The ongoing charges are straightforward with no performance fees or swap fees. Counterparty risk is disclosed as a general risk related to safekeeping and service providers, not due to derivative counterparty exposure. The monthly factsheet confirms physical investment, no use of swaps, and a diversified portfolio of 149 equity holdings. There are no references to complex indices, leverage, or capital protection mechanisms. Therefore, the ETF does not meet the MiFID II criteria for a complex financial instrument."
}