{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares Core FTSE 100 UCITS ETF USD Hedged (Acc) Share Class",
    "investment_objective": "To track the return of the FTSE 100 Index through capital growth and income",
    "primary_asset_class": "Equity",
    "geographic_focus": "United Kingdom (UK)",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF aims to replicate the FTSE 100 Index by holding the equity securities that make up the index in similar proportions, indicating physical replication. The KIID and PRIIPs documents confirm the use of physical replication and direct investment in underlying equities. The Fund uses financial derivative instruments only for currency hedging purposes (FX forwards), which is considered risk management rather than an inherent part of the investment strategy, so derivatives are marked false. There is no mention of synthetic replication, swap agreements, total return swaps, or counterparty exposure related to derivatives. The Fund is UCITS compliant and does not employ leverage, inverse or amplified exposure. The risk indicator in the KIID is 6 (on a scale where 7 is highest), reflecting equity market risk and some counterparty risk related to safekeeping and securities lending, but no complexity due to derivatives or leverage. The monthly factsheet confirms physical replication methodology and no use of swaps or synthetic structures. The Fund invests in liquid, large-cap UK equities, with no complex underlying assets such as contingent convertible bonds or CLOs. Capital protection or structured features are absent. Costs are straightforward with a TER of 0.20%, no performance fees, and securities lending revenue sharing disclosed but not increasing costs. No complexity warnings or comprehension warnings appear in the PRIIPs KID. Overall, the ETF exhibits a straightforward, transparent, and linear investment strategy with minimal derivative use limited to currency hedging, no leverage, and physical replication, leading to a non-complex classification under MiFID II."
}