{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares MSCI USA SRI UCITS ETF EUR Hedged (Dist)",
    "investment_objective": "To achieve a return reflecting the MSCI USA SRI Select Reduced Fossil Fuel Index through capital growth and income",
    "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 ETF is a UCITS-compliant equity ETF physically replicating the MSCI USA SRI Select Reduced Fossil Fuel Index. The fund invests directly in the underlying equity securities of the index, with no indication of synthetic replication or use of swap agreements. The only derivatives mentioned are FX forward contracts used solely for currency hedging purposes, which are not considered inherent to the investment strategy but risk management tools, so derivatives are marked false. There is no leverage, inverse or amplified exposure. The risk rating is 6 out of 7, reflecting equity market risk and ESG screening constraints, but no complexity arising from structured products, contingent bonds, or capital protection features. The fund engages in short-term securities lending to offset costs, but this does not add complexity under MiFID II. The charges are straightforward with no performance fees or swap fees. The monthly factsheet confirms physical replication and no use of swaps or synthetic structures. The PRIIPs KID does not include any comprehension warnings or complexity flags beyond normal equity market risks. Therefore, the fund is classified as non-complex under MiFID II criteria."
}