{
    "type": "ETF",
    "ucits": true,
    "fund_name": "UBS MSCI ACWI Socially Responsible UCITS ETF",
    "investment_objective": "Passive tracking of MSCI ACWI SRI Low Carbon Select 5% Issuer Capped with Developed Markets 100% Hedged to USD Index (Net 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 full replication of the underlying MSCI ACWI SRI Low Carbon Select 5% Issuer Capped with Developed Markets 100% Hedged to USD Index, investing directly in equities. 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 no synthetic replication or swap agreements are mentioned. The factsheet explicitly states 'Replication methodology: Physical (Full replicated)'. There is no leverage, inverse or amplified exposure. The fund is UCITS compliant. Risk rating is medium (4 out of 7) in PRIIPs KID and 6 in KIID, reflecting equity market volatility but no complexity flags such as capital protection or structured features. No contingent bonds or complex underlying assets are held. Costs are straightforward with a TER of 0.28%, no performance fees, and no securities lending. Counterparty risk is minimal and only related to limited derivative use for hedging. The index tracked is a broad, transparent ESG equity index with 590 constituents, no complex derivatives embedded. No references to swaps, total return swaps, or synthetic structures. No leverage or inverse exposure. The PRIIPs KID does not carry any comprehension warnings or complexity flags. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}