{
    "type": "ETF",
    "ucits": true,
    "fund_name": "UBS MSCI ACWI Universal UCITS ETF",
    "investment_objective": "Track performance of the MSCI ACWI Universal Low Carbon Select 5% Issuer Capped with Developed Markets 100% Hedged to EUR 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 Fund uses a physical replication method with stratified sampling to track a broad global equity index focused on ESG characteristics and carbon intensity reduction. There is no mention of synthetic replication, swap agreements, or derivative instruments used as part of the investment strategy. The Fund does not engage in securities lending and uses currency forwards solely for hedging currency risk, which is a risk management technique rather than an inherent derivative strategy. The risk profile is medium (category 4 in PRIIPs KID, category 6 in KIID due to equity volatility), with no leverage or inverse exposure. The underlying assets are liquid equities with no complex structured products or contingent bonds. Costs are straightforward with a TER of 0.26% and no performance fees or swap fees. 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 a clear, linear relationship to the underlying index performance and invests directly in liquid, transparent securities, meeting the criteria for a non-complex financial instrument under MiFID II."
}