{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares Ageing Population UCITS ETF USD (Acc)",
    "investment_objective": "To track the STOXX Global Ageing Population Index through passive management investing primarily in equity securities that make up the Index.",
    "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 aims to replicate the STOXX Global Ageing Population Index by investing directly in the underlying equity securities, using physical replication or optimised sampling techniques. There is no mention of synthetic replication, swap agreements, total return swaps, or derivative instruments used as part of the core investment strategy. The Fund may use financial derivative instruments (FDIs) only for direct investment purposes or to obtain indirect exposure to securities not meeting ESG criteria, but this is incidental and not a core element of the strategy, so derivatives are marked false. There is no leverage, inverse or amplified exposure language. The risk profile is medium (4 out of 7 in PRIIPs KID, 6 in KIID but driven by equity market and emerging market risks, not complexity). The Fund does not have capital protection or structured features. Counterparty risk is disclosed only in relation to safekeeping and incidental derivative use, not significant swap counterparty risk. Costs are straightforward with a TER of 0.40%, no performance fees, and no swap or derivative fees. The underlying assets are liquid equities, with no complex bonds or contingent convertible bonds. The index tracked is a thematic equity index with a transparent methodology and no complex structured indices. The monthly factsheet confirms physical investment and no synthetic or swap-based replication. No PRIIPs comprehension warnings or complexity flags are present. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}