{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares Edge MSCI World Minimum Volatility UCITS ETF Hedged EUR Accumulating",
    "investment_objective": "To track the MSCI World Minimum Volatility Index, aiming for capital growth and income by investing in equity securities with lower volatility characteristics relative to broader developed equity markets.",
    "primary_asset_class": "Equity",
    "geographic_focus": "Developed countries worldwide",
    "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 replicates the MSCI World Minimum Volatility Index using an optimised sampling technique. The KIID and PRIIPs KID documents confirm that the Fund invests directly in equity securities and uses financial derivative instruments (FDIs) only for limited purposes such as currency hedging (e.g., FX forwards), not as an inherent 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 exposure, or capital protection mechanisms. The risk profile is medium (4 out of 7 in PRIIPs KID, 5 out of 7 in KIID), consistent with equity market risk and factor exposure, but not indicative of complexity due to derivatives or leverage. The monthly factsheet confirms physical replication and no use of swaps or complex structured products. Securities lending is used but revenue sharing does not increase costs and is excluded from ongoing charges. No complex underlying assets such as contingent convertible bonds or CLOs are held. The Fund\u2019s complexity is low, with a clear, linear relationship to the underlying index performance. Therefore, under MiFID II, this ETF is classified as non-complex."
}