{
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The iShares MSCI ACWI SRI UCITS ETF is a physically replicated ETF that aims to track the MSCI ACWI SRI Select Reduced Fossil Fuel Index. The KIID and factsheet indicate that the fund primarily holds equity securities and uses physical replication to achieve its investment objective. While the fund may use financial derivative instruments (FDIs) for efficient portfolio management (EPM), there is no indication of extensive or sophisticated derivative usage that would materially alter the risk profile or require specialist knowledge. The fund does not employ leverage, inverse strategies, or complex structured products. The risk profile is rated as level 6, which is not uncommon for equity ETFs and does not inherently indicate complexity. The fund is UCITS-compliant, which generally aligns with non-complex classifications under MiFID II. The transparency of holdings, liquidity, and straightforward investment strategy further support the non-complex classification.",
    "confidence": 95
}