{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares MSCI USA ESG Enhanced UCITS ETF USD (Dist)",
    "investment_objective": "To achieve a return reflecting the MSCI USA ESG Enhanced Focus CTB Index through capital growth and income by investing in equity securities that make up the Index.",
    "primary_asset_class": "Equity",
    "geographic_focus": "United States",
    "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 USA ESG Enhanced Focus CTB Index by holding the underlying equity securities in similar proportions. There is no mention of synthetic replication, swap agreements, or total return swaps. The Fund may use financial derivatives only for direct investment purposes to help achieve the investment objective, but this is limited and not inherent to the strategy, so derivatives are marked false. There is no leverage, inverse or amplified exposure. The risk indicator is medium-high (5/7) due to equity market risk and ESG screening reducing the investable universe, but this does not imply complexity under MiFID II. The Fund engages in short-term securities lending, but this is a common practice and does not add complexity. The cost structure is simple with a low ongoing charge (0.07%) and no performance fees. The underlying assets are liquid US equities with no complex structured products or contingent bonds. Counterparty risk is disclosed but limited, typical for UCITS ETFs. The PRIIPs KID confirms no comprehension warnings or complexity flags. The monthly factsheet confirms physical replication and no use of swaps or leverage. Overall, the Fund exhibits a straightforward, transparent, and linear investment strategy with minimal derivative use, no leverage, and no complex underlying assets, leading to a non-complex classification under MiFID II."
}