{
    "type": "ETF",
    "ucits": true,
    "fund_name": "UBS (Irl) ETF plc - MSCI World Socially Responsible UCITS ETF",
    "investment_objective": "Passive replication of MSCI World SRI Low Carbon Select 5% Issuer Capped Index (Net Return), focusing on best-in-class ESG global equities while excluding companies with negative social or environmental impact.",
    "primary_asset_class": "Equity",
    "geographic_focus": "Global developed markets (MSCI World Index constituents)",
    "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 World 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 inherent and marked false. There is no leverage, inverse or amplified exposure. The fund does not engage in securities lending. 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. The factsheet confirms physical replication, no use of swaps, no leverage, and a straightforward index tracking objective. The underlying assets are liquid equities with no complex structured products or contingent bonds. No capital protection or structured features are present. Costs are simple with a TER of 0.19%, no performance fees, and no swap or derivative fees. The PRIIPs KID does not carry any comprehension warnings or complexity flags. Overall, the ETF aligns with MiFID II non-complex criteria due to physical replication, absence of synthetic or leveraged elements, and straightforward equity exposure."
}