{
    "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 USA SRI UCITS ETF GBP Hedged (Dist) is a physically replicated ETF that tracks the MSCI USA SRI Select Reduced Fossil Fuel Index. The KIID and factsheet indicate that the fund primarily uses physical replication to achieve its investment objective, with derivatives only used for currency hedging and efficient portfolio management (EPM). The fund does not employ leverage, inverse strategies, or synthetic replication. The underlying assets are liquid US equities with ESG screening, and the risk profile is transparent and aligned with standard equity market risks. The fund is UCITS-compliant, which further supports its non-complex classification under MiFID II.",
    "confidence": 95
}