{
    "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 is a physically replicated ETF that tracks the MSCI USA SRI Select Reduced Fossil Fuel Index. It uses direct investment in underlying equities to replicate the index, with no evidence of leverage, inverse strategies, or synthetic replication. While the KIID mentions the potential use of financial derivative instruments (FDIs) for achieving the investment objective, this appears to be for efficient portfolio management (EPM) rather than as a core strategy. The fund has a straightforward equity investment approach with ESG screening, a clear risk profile (rated 6 due to equity market risks), and no complex structures like capital protection or contingent bonds. The absence of swap agreements, leverage, or complex underlying assets supports the non-complex classification.",
    "confidence": 95,
    "risk_level": 6,
    "counterparty_risk": "The KIID mentions counterparty risk related to derivatives or other instruments, but this is standard disclosure for UCITS funds and does not indicate significant exposure. The fund's primary strategy is physical replication, and any derivative use is likely minimal and for EPM purposes only."
}