iShares MSCI USA SRI UCITS ETF GBP Hedged (Distributing) (SUAP.L) is an exchange-traded fund managed by BlackRock Asset Management Ireland Limited that seeks to track the performance of the MSCI USA SRI Select Reduced Fossil Fuel Index, providing exposure to a best-in-class selection of socially responsible large- and mid-cap US equities screened for strong environmental, social, and governance (ESG) criteria while reducing exposure to fossil fuels; the fund employs a full physical replication strategy, holding approximately 170 securities with top holdings including NVIDIA Corp, Microsoft Corp, and Tesla Inc across sectors such as information technology, communication services, and consumer discretionary. Core offerings include accumulating and distributing share classes in USD and GBP-hedged variants, classified under SFDR Article 8 for promoting environmental and social characteristics with good governance practices; the fund distributes income semi-annually with a 12-month trailing yield of 1.10%, a total expense ratio of 0.23%, and net assets exceeding USD 4.9 billion as of early 2025. Launched on July 11, 2016, as part of iShares IV plc, an open-ended investment company with variable capital domiciled in Ireland and authorized by the Central Bank of Ireland, with management headquartered at 1st Floor, 2 Ballsbridge Park, Dublin, the ETF lists on exchanges including the London Stock Exchange in GBP, targeting institutional and retail investors seeking sustainable US equity exposure without currency risk in hedged classes. In recent developments, BlackRock implemented a methodology overhaul across its SRI ETF range, including this fund, capping individual issuer weights to align more closely with the parent MSCI USA Index (up to 3% above and maximum 18%), adding securities with top ESG scores regardless of sector coverage thresholds, and transitioning to full physical replication for enhanced tracking efficiency, effective June 2023; these changes aim to improve sector balance and investment universe while maintaining SRI integrity, with no reported acquisitions, funding rounds, or major partnerships specific to SUAP.L in 2024-2025. The fund operates primarily in Europe with global investor access via UCITS structure, focusing on US large- and mid-cap companies meeting stringent SRI screens excluding controversial activities in weapons, tobacco, alcohol, gambling, adult entertainment, and high fossil fuel involvement.