{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": "The ETF tracks an SRI index. However the replication method is direct so it does not meet the MiFID II complexity criteria.",
        "classification": "non-complex",
        "supporting_data": "This iShares MSCI World SRI UCITS ETF uses physical replication and tracks the MSCI World SRI Select Reduced Fossil Fuel Index, a sustainability index. It does not use derivatives in its core strategy. The KID states that the investment objective is to achieve a return on your investment, through a combination of capital growth and income on the Fund's investments, which reflect the return of the MSCI World SRI Select Reduced Fossil Fuel Index, the Fundu2019s benchmark index (the u201cIndexu201d). The Fund intends to replicate the Index by holding the equity securities which make up the Index, in similar proportions to it. The investment manager may use Financial Derivative Instruments (u201cFDIsu201d) (i.e. investments the prices of which are based on one or more underlying assets) to help achieve the Fundu2019s investment objective. The KID states: The Fund will adopt a best-in-class approach to sustainable investing, this means that it is expected that the Fund will invest in the best issuers from an ESG / Socially Responsible Investment (u201cSRIu201d) perspective (based on the ESG or SRI criteria of the Index) within each relevant sector of activities covered by the Index. The portfolio of the Fund is reduced by at least 20% compared to the Regional Indices. More than 90% of the issuers of securities the Fund invests in, excluding cash and money market funds, are ESG rated or have been analysed for ESG purposes. The index is weighted by free-float market capitalization. The main risk highlighted in the KID is that the value of equities and equity-related securities can be affected by daily stock market movements."
    }
}