{
    "type": "ETF",
    "ucits": true,
    "fund_name": "UBS (Irl) ETF plc - MSCI USA Socially Responsible UCITS ETF",
    "investment_objective": "Passive management to track the MSCI USA SRI Low Carbon Select 5% Issuer Capped Index (Net Return), focusing on best-in-class ESG US companies with exclusions for negative social/environmental impact.",
    "primary_asset_class": "Equity",
    "geographic_focus": "United States",
    "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 (MSCI USA SRI Low Carbon Select 5% Issuer Capped Total Return Net Index) with no synthetic replication or swap agreements mentioned. The KIID and PRIIPs KID confirm that derivatives may be used only exceptionally and for risk reduction or cost efficiency, not as an inherent part of the strategy, thus derivatives are not considered a complexity driver. There is no leverage, inverse or amplified exposure. The fund invests directly in liquid equities, with no complex underlying assets such as contingent convertible bonds or CLOs. The risk profile is medium (4 out of 7 in PRIIPs KID, 6 in KIID due to equity volatility), consistent with a standard equity ETF. Fees are straightforward with a TER of 0.19%, no performance fees, no securities lending, and no swap fees. The factsheet confirms physical replication, no securities lending, and no use of swaps. The index tracked is a standard MSCI ESG index with 183 constituents, no complex structured indices or derivatives embedded. No capital protection or structured features are present. The PRIIPs KID does not include any comprehension warnings or complexity flags. Overall, the ETF aligns with MiFID II non-complex criteria due to physical replication, direct investment in liquid equities, minimal derivative use for risk management only, no leverage, and absence of complex underlying assets or structured features."
}