{
    "type": "ETF",
    "ucits": true,
    "fund_name": "UBS MSCI ACWI Universal UCITS ETF",
    "investment_objective": "Passive tracking of MSCI ACWI Universal Low Carbon Select 5% Issuer Capped Index (Net Total Return) using a sampling strategy",
    "primary_asset_class": "Equity",
    "geographic_focus": "Global (Developed and Emerging Markets across 47 countries)",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS-compliant equity ETF that physically replicates the MSCI ACWI Universal Low Carbon Select 5% Issuer Capped Index using a stratified sampling strategy. There is no mention of synthetic replication, swap agreements, or derivative instruments used for investment purposes. The fund explicitly states it does not engage in securities lending. The PRIIPs KID confirms the fund is aimed at retail investors with basic financial understanding and classifies the risk level as medium (4 out of 7), reflecting typical equity market volatility rather than complexity. The monthly factsheet confirms physical replication, no use of leverage or inverse strategies, and no complex underlying assets such as contingent convertible bonds or CLOs. The index tracked is broad and diversified but does not include complex structured products. Derivatives may be used only for risk reduction or efficient portfolio management, not as an inherent element of the strategy, so derivatives are marked false. No capital protection or structured features are present. Costs are straightforward with a TER of 0.23% and no performance fees. Risk disclosures do not indicate significant counterparty risk or complexity warnings. Overall, the fund exhibits a clear, linear relationship to the underlying index performance and invests directly in liquid, transparent equity securities, supporting a non-complex classification under MiFID II."
}