{
    "type": "ETF",
    "ucits": true,
    "fund_name": "UBS MSCI ACWI Socially Responsible UCITS ETF",
    "investment_objective": "Passive management seeking to track the MSCI ACWI SRI Low Carbon Select 5% Issuer Capped Index (Net Return), focusing on ESG best-in-class global companies with low carbon exposure.",
    "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 uses physical full replication of the MSCI ACWI SRI Low Carbon Select 5% Issuer Capped Index, investing directly in underlying equities. The KIID and factsheet explicitly state physical replication with no use of synthetic replication or swap agreements. Derivatives may be used only exceptionally for risk reduction or cost efficiency, not as an inherent part of the strategy, so derivatives are marked false. There is no leverage, inverse or amplified exposure language. The risk profile is medium (4 out of 7 in PRIIPs KID, 5-6 in KIID), consistent with equity market volatility but not indicating complexity. No capital protection or structured features are present. The fund is UCITS compliant. Costs are straightforward with a TER of 0.25%, no performance fees, no securities lending, and no swap fees. The underlying assets are liquid large and mid-cap equities with no complex bonds or contingent convertible bonds. The index tracked is a broad ESG-focused equity index with 590 constituents, no complex derivatives or structured indices. The PRIIPs KID does not contain any comprehension warnings or complexity flags. Overall, the fund exhibits a clear, linear relationship to the underlying index performance, with transparent holdings and no significant counterparty risk exposure. Therefore, under MiFID II, this ETF is classified as non-complex."
}