{
    "type": "ETF",
    "ucits": true,
    "fund_name": "UBS MSCI World Socially Responsible UCITS ETF",
    "investment_objective": "Track performance of MSCI World SRI Low Carbon Select 5% Issuer Capped 100% hedged to GBP Index (Net Return)",
    "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 is a UCITS-compliant, physically replicated equity ETF that tracks a broad ESG-focused MSCI World index. The fund holds the underlying shares in the same proportions as the index (full replication). The KIID and factsheet explicitly state 'Physical (Full replicated)' replication methodology. The fund may use derivatives only exceptionally and for risk reduction or cost efficiency, not as an inherent part of the strategy, so derivatives are considered false for complexity purposes. There is no mention of swap agreements, synthetic replication, or counterparty risk exposure. The fund is not leveraged, inverse, or leveraged multiple times. The risk profile is moderate (risk category 5 in KIID, 4 in PRIIPs KID), consistent with equity market volatility, not elevated by leverage or complex features. No capital protection or structured features are present. Costs are straightforward with a simple TER of 0.22%, no performance fees, no securities lending. The underlying assets are liquid large-cap equities with ESG screening, no complex bonds or contingent convertible bonds. The index tracked is a standard MSCI ESG variant with 376 constituents, no complex derivatives embedded. The PRIIPs KID does not contain any comprehension warnings or complexity flags. The factsheet confirms no use of swaps or synthetic replication. Overall, the ETF exhibits a clear, linear relationship to the underlying index performance, with minimal derivative use for hedging only, physical replication, and no leverage or structured features, leading to a non-complex classification under MiFID II."
}