{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The iShares MSCI USA Screened UCITS ETF is a UCITS-compliant equity ETF that aims to replicate the MSCI USA Screened Index by physically holding the underlying equity securities in similar proportions. The KIID and PRIIPs KID documents confirm the fund uses physical replication and direct investment in equities, with only limited use of financial derivative instruments (FDIs) for direct investment purposes to help achieve the investment objective, not as an inherent element of the 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-high (5 out of 7), reflecting equity market risk and ESG screening constraints, but not complexity from derivatives or leverage. Costs are straightforward with a low ongoing charge (0.07%) and no performance fees or swap fees. The monthly factsheet confirms physical replication and no synthetic or swap-based structure. No capital protection or structured features are present. The ESG screening and index exclusions do not add complexity under MiFID II definitions. Overall, the fund exhibits a clear, linear relationship to the underlying index performance, with minimal derivative use for risk management only, and no leverage or complex instruments. Therefore, it is classified as non-complex under MiFID II."
}