iOS Question Sanity check regarding geofences


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I've read all I could find in the forum and on Apples developer pages, and I just want to verify something with the forum to make sure I've understood correctly.

This is how I have understood it:

If I use the built-in system in iOS, where the OS reports geofence activity to my app, the only shape I can use for my geofence is a circle consisting of a coordinate and a radius. So nothing like rectangle, oval, polygon or anything else.

Have I understood this correctly?

(Please note that this thread is only about the built-in solution available in the OS, so it's not relevant to enable the GPS and code a solution to handle different shapes.)