{
    "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 with Developed Markets 100% Hedged to USD Index (Net Total Return)",
    "primary_asset_class": "Equity",
    "geographic_focus": "Global (Developed and Emerging Markets, 47 countries)",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical stratified sampling replication to track a broad global equity ESG-focused index. There is no mention of synthetic replication, swap agreements, or derivative instruments used for investment exposure. Derivatives may be used only for hedging currency risk, which does not trigger complexity under MiFID II. The fund is UCITS compliant, with a straightforward index-tracking objective investing directly in liquid equities. The risk profile is medium (4 out of 7 in PRIIPs KID), reflecting equity market volatility but no leverage or complex features. No capital protection or structured features are present. Fees are simple with a TER of 0.26%, no performance fees, and no securities lending. The index tracked is broad and transparent, with no complex structured products or contingent bonds in the portfolio. The PRIIPs KID does not include any comprehension warnings or complexity flags. The factsheet confirms physical replication and no use of swaps or leverage. Overall, the ETF exhibits none of the MiFID II complexity indicators such as synthetic replication, leverage, complex underlying assets, or capital protection mechanisms."
}