{
    "type": "ETF",
    "ucits": true,
    "fund_name": "UBS MSCI ACWI Universal UCITS ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The UBS MSCI ACWI Universal UCITS ETF is a UCITS-compliant ETF that physically replicates the MSCI ACWI Universal Low Carbon Select 5% Issuer Capped with Developed Markets 100% Hedged to CHF Index using a stratified sampling strategy. The fund invests directly in equities, with at least 90% of securities having an ESG rating, and does not engage in securities lending. The KIID and PRIIPs KID documents confirm no use of synthetic replication, swaps, or leverage. The fund uses currency forwards for hedging currency risk, but this is a risk management tool rather than an inherent derivative strategy, so derivatives are marked false. The risk profile is medium (category 5 in KIID, 4 in PRIIPs KID), reflecting equity market volatility rather than complexity. The factsheet confirms physical replication, no leverage, no synthetic swap structures, and a low tracking error (0.06%), indicating straightforward index tracking. No capital protection or structured features are present. Costs are simple with a TER of 0.26% and no performance fees. There are no complexity flags such as contingent bonds, leverage, or significant counterparty risk. The fund\u2019s complexity is low and it is suitable for retail investors with basic financial understanding. Therefore, under MiFID II, this ETF is classified as non-complex."
}