{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The iShares S&P 500 ESG UCITS ETF aims to replicate the S&P 500 ESG Index by investing directly in the equity securities comprising the index, using physical replication as confirmed by the factsheet. The KIID and PRIIPs KID documents state that the Fund may use financial derivative instruments (FDIs) including FX forwards for direct investment purposes or risk management, but there is no indication that derivatives or swaps are used as an inherent part of the investment strategy or for synthetic replication. There is no mention of swap agreements, total return swaps, or counterparty exposure related to derivatives. The Fund does not employ leverage, inverse or amplified exposure, nor does it invest in complex underlying assets such as contingent convertible bonds or structured products. The risk profile is medium-high (5 out of 7) reflecting equity market risk and ESG screening constraints, not complexity from derivatives or leverage. Costs are straightforward with a low ongoing charge (0.07%) and no performance fees or swap fees. Securities lending is used but revenue sharing does not increase costs. The Fund is UCITS compliant and physically replicates a transparent, liquid equity index. No capital protection or structured features are present. The PRIIPs KID does not include any comprehension warnings or complexity flags. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}