{
    "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 100% hedged to EUR Index (Net Return)",
    "primary_asset_class": "Equity",
    "geographic_focus": "Global developed markets (MSCI World Index 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 focused on ESG criteria. The fund is UCITS compliant and does not use synthetic replication or swap agreements. Derivatives are only used occasionally for risk reduction or currency hedging, not as an inherent part of the investment strategy, so derivative exposure is minimal and non-complex. There is no leverage, inverse or amplified exposure. The risk profile is medium (risk level 4 in PRIIPs KID, 6 in KIID due to equity volatility), consistent with a standard equity ETF. No capital protection or structured features are present. Costs are straightforward with a low TER of 0.22%, no performance fees, and no securities lending. The underlying assets are liquid equities with no complex bonds or contingent convertible bonds. Counterparty risk is limited and only related to minimal derivative use for hedging. The PRIIPs KID does not include any comprehension warnings or complexity flags. The factsheet confirms physical replication and no use of swaps or synthetic structures. Overall, the ETF exhibits a clear, linear relationship to the underlying index performance and is suitable for retail investors with basic financial knowledge.",
    "risk_level_assessment": "The fund's risk profile is medium (4 out of 7 in PRIIPs KID, 6 in KIID due to equity volatility), reflecting typical equity market risk rather than complexity. The use of derivatives is limited to risk reduction and currency hedging, not increasing complexity. No significant counterparty or liquidity risks beyond normal market conditions are disclosed."
}