{
    "type": "ETF",
    "ucits": true,
    "fund_name": "UBS MSCI ACWI Socially Responsible UCITS ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The fund is a UCITS-compliant ETF that physically replicates the MSCI ACWI SRI Low Carbon Select 5% Issuer Capped with Developed Markets 100% Hedged to CHF Index. The factsheet explicitly states 'Replication methodology: Physical (Full replicated)'. The KIID and PRIIPs KID mention that derivatives may be used only for risk reduction, cost reduction, or generating additional capital or income, but not as an inherent part of the investment strategy, and the use of derivatives is limited and does not imply synthetic replication or swap usage. There is no mention of swap agreements, total return swaps, or counterparty risk beyond normal derivative risk disclosures. The fund does not use leverage, inverse or amplified exposure, nor does it invest in complex underlying assets such as contingent convertible bonds or CLOs. The risk profile is moderate (risk category 5 in KIID, 4 in PRIIPs KID), consistent with a straightforward equity index tracking fund. Costs are simple with a TER of 0.28%, no performance fees, no securities lending, and no complex fee structures. The index tracked is a broad, liquid equity index with ESG and low carbon constraints but no structural complexity such as capital protection or barrier options. The PRIIPs KID does not include any comprehension warnings or complexity flags. The monthly factsheet confirms the fund holds large and mid-cap equities directly, with no synthetic or leveraged features. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}