{
    "type": "ETF",
    "ucits": true,
    "fund_name": "UBS (Irl) ETF plc - MSCI ACWI Socially Responsible UCITS ETF",
    "investment_objective": "Passively track the MSCI ACWI SRI Low Carbon Select 5% Issuer Capped Index (Net Return), focusing on best-in-class ESG global companies while excluding companies with negative social or environmental impact.",
    "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, holding all shares in the same proportions as the index. The KIID and PRIIPs KID confirm that derivatives may be used only for risk reduction, cost reduction, or generating additional capital/income, not as an inherent part of the investment strategy, and derivative use is minimal and non-leveraged. There is no mention of synthetic replication, swap agreements, or counterparty risk exposure. The fund does not engage in securities lending. The risk profile is medium (4 out of 7 in PRIIPs KID, 5-6 in KIID), reflecting equity market volatility rather than structural complexity. The fact sheet confirms physical replication, no leverage, no inverse or amplified exposure, and no complex underlying assets such as contingent convertible bonds or CLOs. Costs are straightforward with a TER of 0.25%, no performance fees, and no swap or derivative fees. The fund is UCITS compliant and regulated by the Central Bank of Ireland. No capital protection or structured features are present. The PRIIPs KID does not carry any comprehension warnings or complexity flags. Overall, the ETF is a straightforward, physically replicated, passive equity index fund with ESG criteria, and does not meet MiFID II criteria for complexity."
}