{
    "type": "ETF",
    "ucits": true,
    "fund_name": "UBS MSCI World Socially Responsible UCITS ETF",
    "investment_objective": "Passive tracking of MSCI World SRI Low Carbon Select 5% Issuer Capped 100% hedged to CHF 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 is a UCITS-compliant, physically replicated equity ETF that tracks a socially responsible MSCI World index with a 100% currency hedge to CHF. The KIID and PRIIPs KID confirm physical full replication with no use of synthetic replication or swap agreements. Derivatives are only used occasionally for risk reduction or cost efficiency, not as an inherent part of the investment strategy, so derivatives exposure is minimal and not complexity-driving. There is no leverage, inverse exposure, or capital protection features. The underlying assets are liquid global equities with ESG screening, no complex bonds or structured products. The risk rating is medium (4 out of 7 in PRIIPs KID, 5 out of 7 in KIID) reflecting equity market volatility, not complexity. Fees are straightforward with a low TER of 0.22%, no performance fees, no securities lending, and no swap fees. The factsheet confirms physical full replication, no securities lending, no leverage, and no complex derivative usage. The index tracked is a standard MSCI ESG index with 375 constituents, no complex structured indices or contingent bonds. No mention of counterparty risk or swap counterparty exposure. Overall, the ETF exhibits none of the MiFID II complexity triggers such as synthetic replication, leverage, complex underlying assets, or capital protection. Therefore, it is classified as non-complex under MiFID II."
}