{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The iShares MSCI ACWI SRI UCITS ETF (Acc) is a physically replicated ETF that tracks the MSCI ACWI SRI Select Reduced Fossil Fuel Index. The KIID and PRIIPs documents confirm that the fund primarily invests in equity securities that make up the index, with no mention of synthetic replication, swaps, or leverage. The fund's investment policy explicitly states it aims to replicate the index by holding the underlying securities in similar proportions. While the fund may use financial derivative instruments (FDIs) to help achieve its investment objective, the context suggests this is for efficient portfolio management rather than as an inherent part of the strategy. The PRIIPs KID and factsheet further confirm the fund's physical replication approach and lack of complex derivative structures. The risk profile is rated 6 (out of 7), which is relatively high but not necessarily indicative of complexity under MiFID II, as the risk stems from equity market exposure rather than structural complexity. The fund's transparency, liquidity, and straightforward investment approach align with typical non-complex ETFs under MiFID II.",
    "confidence": 95
}