{
    "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 GBP 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 a broad, liquid equity index with 590 constituents across developed and emerging markets. The fund is UCITS compliant and does not use synthetic replication or swap agreements. Derivatives are only used occasionally for risk reduction, cost efficiency, or currency hedging, not as an inherent part of the investment strategy, so derivative exposure is minimal and not complexity-driving. There is no leverage, inverse or amplified exposure. The risk profile is medium (4 out of 7 in PRIIPs KID), consistent with equity market volatility, but no complexity flags such as capital protection, structured features, or complex underlying assets are present. The fund does not engage in securities lending. Costs are straightforward with a TER of 0.28% and no performance fees or swap fees. The index tracked is ESG-focused but remains a standard capitalization-weighted equity index without complex derivatives embedded. The PRIIPs KID does not carry any comprehension warnings or complexity disclaimers. The monthly factsheet confirms physical replication and no use of swaps or synthetic structures. Overall, the ETF exhibits a clear, linear relationship to the underlying index performance and is suitable for retail investors with basic financial understanding. Therefore, under MiFID II, this ETF is classified as non-complex."
}