{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares MSCI ACWI SRI UCITS ETF USD (Acc) Share Class",
    "investment_objective": "To achieve a return reflecting the MSCI ACWI SRI Select Reduced Fossil Fuel Index through capital growth and income",
    "primary_asset_class": "Equity",
    "geographic_sector_focus": "Global equities with ESG/SRI focus, diversified across sectors with 25% representation per GICS sector",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Fund is a UCITS ETF physically replicating the MSCI ACWI SRI Select Reduced Fossil Fuel Index by holding the underlying equity securities in similar proportions. The KIID and PRIIPs KID confirm the use of physical replication with no mention of synthetic replication, swap agreements, or funded/unfunded swaps. The Fund may use financial derivatives only for efficient portfolio management or risk reduction, not as an inherent part of the investment strategy, so derivatives are marked false. There is no leverage, inverse or amplified exposure. The risk indicator is medium (4 out of 7) in the PRIIPs KID and 6 in the KIID, but the higher KIID risk rating is driven by equity market risk and counterparty risk related to safekeeping and securities lending, not derivative complexity. The Fund invests in liquid, transparent equity securities with no complex underlying assets such as contingent convertible bonds or CLOs. Costs are straightforward with a TER of 0.20%, no performance fees, and no swap or derivative fees. Securities lending is used but revenue sharing does not increase costs. The monthly factsheet confirms physical replication and no synthetic or swap-based structure. No capital protection or structured features are present. No leverage or inverse exposure is indicated. The Fund is UCITS compliant and suitable for retail investors with medium risk tolerance. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}