{
    "type": "ETF",
    "ucits": true,
    "fund_name": "UBS (Irl) ETF plc - MSCI World UCITS ETF",
    "investment_objective": "Passive tracking of MSCI World Index (Net Return), investing in mid and large capitalization companies worldwide",
    "primary_asset_class": "Equity",
    "geographic_focus": "Global developed markets (24 countries including US, Japan, UK, Canada, etc.)",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical full replication of the MSCI World Index, holding the underlying shares in the same proportions as the index. The KIID and PRIIPs KID confirm that derivatives may be used only in exceptional circumstances for risk reduction or cost efficiency, not as a core part of the investment strategy, thus derivative use is incidental and not inherent. There is no mention of synthetic replication, swap agreements, or counterparty risk beyond normal securities lending and limited derivative use. No leverage, inverse or amplified return features are present. The risk profile is medium (4 out of 7 in PRIIPs KID, 5-6 in KIID), reflecting equity market volatility rather than structural complexity. The fund is UCITS compliant, with a low ongoing charge (0.10%) and no performance fees. The factsheet confirms physical replication, no synthetic or swap-based replication, and no complex underlying assets such as contingent bonds or CLOs. No capital protection or structured features are present. Overall, the ETF exhibits a straightforward, transparent, and linear exposure to a broad equity index, consistent with a non-complex classification under MiFID II."
}