{
    "type": "ETF",
    "ucits": true,
    "fund_name": "UBS MSCI USA Socially Responsible UCITS ETF",
    "investment_objective": "Passive replication of MSCI USA SRI Low Carbon Select 5% Issuer Capped 100% hedged to CHF Index (Net Return)",
    "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 is a UCITS-compliant equity fund that physically replicates the MSCI USA SRI Low Carbon Select 5% Issuer Capped 100% hedged to CHF Total Return Net Index. The fund holds the underlying shares in the same proportions as the index, with no use of synthetic replication or swap agreements. Derivatives may be used only exceptionally for risk reduction or cost efficiency, not as an inherent part of the investment strategy, thus derivatives 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), reflecting equity market volatility rather than structural complexity. The fund does not engage in securities lending, has a simple fee structure (TER 0.22%), and no performance fees. The index tracked is a standard ESG-screened equity index with 183 constituents, no complex structured products or contingent bonds. No capital protection or structured features are present. Counterparty risk is minimal as no funded or unfunded swaps are used. The PRIIPs KID does not include any comprehension warnings or complexity flags. The factsheet confirms physical full replication and no synthetic or swap-based replication. Overall, the ETF exhibits none of the MiFID II complexity triggers such as synthetic replication, leverage, complex underlying assets, or capital protection mechanisms, leading to a non-complex classification."
}