{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares Automation & Robotics UCITS ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The iShares Automation & Robotics UCITS ETF is a UCITS-compliant ETF that physically replicates the STOXX Global Automation & Robotics Index by investing directly in equity securities that make up the index or close substitutes via optimisation techniques. There is no mention of synthetic replication, swap agreements, total return swaps, or derivative instruments used as an inherent part of the investment strategy. The use of financial derivative instruments (FDIs) is described as limited and primarily for direct investment purposes or risk management, not for synthetic exposure, so derivatives are not considered inherent to the strategy. There is no leverage, inverse or amplified exposure, nor capital protection or structured features. The underlying assets are equities of companies generating significant revenues from automation and robotics sectors, which are liquid and transparent. The risk profile is medium-high (risk level 5-7 in KIID and PRIIPs), reflecting equity market volatility and sector concentration, but not complexity from derivatives or leverage. Counterparty risk is disclosed as a general risk related to safekeeping and service providers, not from swap counterparties. Costs are straightforward with a TER of 0.40%, no performance fees, and no swap or derivative fees. The monthly factsheet confirms physical replication and no use of swaps or synthetic structures. There is no PRIIPs comprehension warning or complexity flag. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}