{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "inverse": false,
    "derivatives": false,
    "swaps": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The iShares MSCI World ESG Screened UCITS ETF is a UCITS-compliant equity ETF that aims to track the MSCI World ESG Screened Index through physical replication. The KIID and PRIIPs KID documents confirm that the Fund invests directly in equity securities that make up the index or provide similar performance, with only limited and incidental use of FDIs (financial derivative instruments) expected for direct investment purposes, not as a core part of the strategy. There is no mention of synthetic replication, swap agreements, total return swaps, or counterparty exposure related to derivatives. The monthly factsheet confirms a broad, diversified portfolio of over 1,200 holdings, all equities, with no indication of 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 ESG screening constraints rather than complexity). There is no leverage, inverse exposure, or capital protection features. Costs are straightforward with a TER of 0.20%, no performance fees, and no swap or derivative fees. Securities lending is conducted but revenue sharing does not increase costs. The ESG screening and optimisation techniques do not introduce complexity under MiFID II as they do not involve synthetic replication or complex derivatives. The PRIIPs KID does not carry any comprehension warnings or complexity flags. Therefore, the ETF is classified as non-complex under MiFID II."
}