{
    "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 World SRI UCITS ETF is a physically replicated ETF that invests directly in equity securities of the MSCI World SRI Select Reduced Fossil Fuel Index. The KIID and PRIIPs documents confirm that the fund uses physical replication ('The Fund intends to replicate the Index by holding the equity securities which make up the Index, in similar proportions to it'). While the prospectus mentions the potential use of financial derivative instruments (FDIs) for efficient portfolio management, there is no evidence of actual swap usage or synthetic replication in the provided documents. The fund does not employ leverage, inverse strategies, or complex structured products. The underlying index is a straightforward ESG-screened equity index, and the fund's risk profile is rated as medium (risk level 6), which is typical for equity ETFs. The fund's primary risk factors (equity market risk, ESG screening limitations) are easily understandable by retail investors. The absence of counterparty risk from derivatives or complex structured features further supports the non-complex classification.",
    "confidence": 95
}