{
    "type": "ETF",
    "ucits": true,
    "fund_name": "UBS (Irl) ETF plc - MSCI World Socially Responsible UCITS ETF",
    "investment_objective": "Passive tracking of MSCI World SRI Low Carbon Select 5% Issuer Capped Index (Net Return)",
    "primary_asset_class": "Equity",
    "geographic_focus": "Global developed markets, with major exposure to US (69.4%) and other developed 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 (MSCI World SRI Low Carbon Select 5% Issuer Capped Index). The fund invests directly in underlying equities, with no synthetic replication or swap agreements mentioned. Derivatives may be used only exceptionally and for risk reduction or cost efficiency, not as an inherent part of the strategy, thus derivatives exposure is minimal and not leveraged. 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, not indicating complexity. No capital protection or structured features are present. Fees are straightforward with a TER of 0.19%, no performance fees, no securities lending. The factsheet confirms physical replication and no use of swaps or synthetic structures. The underlying assets are liquid equities, no complex bonds or contingent convertible bonds are held. The PRIIPs KID does not carry any comprehension warnings or complexity flags. Overall, the ETF is a standard physical replication equity ETF with ESG screening, and does not meet MiFID II criteria for complex financial instruments."
}