{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares MSCI Europe ESG Screened UCITS EUR (Acc) Share Class",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS-compliant equity ETF tracking the MSCI Europe ESG Screened Index, which is a subset of the MSCI Europe Index with ESG exclusion criteria. The fund aims to replicate the index return through direct investment in equity securities, using physical replication methods. The KIID and PRIIPs KID documents confirm the use of physical securities with only limited and incidental use of financial derivative instruments (FDIs) for optimisation or risk management, not as an inherent part of the investment strategy. There is no mention of synthetic replication, 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 (4 out of 7 in PRIIPs KID, 6 in KIID but driven by equity market risk and counterparty risk related to safekeeping, not derivatives). Costs are straightforward with a low ongoing charge (0.12%) and no performance fees or swap fees. The monthly factsheet confirms physical holdings in a diversified portfolio of large and mid-cap European equities with no indication of derivative or swap usage. There are no capital protection or structured features. Overall, the fund exhibits a clear, linear relationship to the underlying index performance, with transparent and liquid underlying assets. Therefore, under MiFID II, this ETF is classified as non-complex."
}