{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares STOXX Europe Equity Multifactor UCITS ETF",
    "investment_objective": "To achieve a return reflecting the STOXX Developed Europe Equity Factor Screened Index through capital growth and income",
    "primary_asset_class": "Equity",
    "geographic_focus": "Developed Europe",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": "Multi-factor index optimization, securities lending",
    "classification": "non-complex",
    "supporting_data": "The Fund is a UCITS ETF investing primarily in equities of developed European companies, tracking a multi-factor screened STOXX index. The replication method is physical, using optimising techniques including direct purchase of securities and possibly some derivatives for investment purposes, but not synthetic replication or swap-based structures. There is no mention of funded or unfunded swaps, total return swaps, or counterparty exposure related to derivatives. The Fund does engage in short-term securities lending to offset costs, but this does not increase complexity under MiFID II. Leverage or inverse exposure is not present. The risk profile is medium (4 out of 7 in PRIIPs KID), reflecting equity market risk and factor concentration risk, but not derivative or leverage risk. Costs are straightforward with a TER of 0.25%, no performance fees, and no complex fee structures. The index methodology involves factor optimization but does not involve complex structured products or contingent bonds. The Fund holds liquid, transparent equity securities with no capital protection or structured features. Counterparty risk disclosures relate to custodial and securities lending counterparties, typical for physical ETFs, and do not indicate synthetic replication or complex derivative usage. The PRIIPs KID does not include a comprehension warning or complexity flag. The monthly factsheet confirms physical product structure and no use of swaps or leverage. Overall, the Fund\u2019s structure and documentation indicate a non-complex ETF under MiFID II criteria."
}