{
    "type": "ETF",
    "ucits": true,
    "fund_name": "UBS (Irl) ETF plc - MSCI United Kingdom IMI Socially Responsible UCITS ETF",
    "investment_objective": "Passive tracking of MSCI UK IMI Extended SRI Low Carbon Select 5% Issuer Capped Index (Net Return)",
    "primary_asset_class": "Equity",
    "geographic_focus": "United Kingdom",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS-compliant equity fund physically replicating the MSCI UK IMI Extended SRI Low Carbon Select 5% Issuer Capped Index. The fund holds the underlying shares in the same proportions as the index (full physical replication). The KIID and PRIIPs KID documents state that derivatives may be used only exceptionally and for risk reduction or cost efficiency, not as an inherent part of the investment strategy, thus derivatives are not considered a complexity driver here. There is no mention of synthetic replication, swap agreements, or counterparty risk beyond normal market risks. The fund does not use leverage, inverse or amplified exposure. The risk rating is 5 (KIID) and 4 (PRIIPs KID), indicating medium risk consistent with equity market volatility but not complexity. The factsheet confirms physical replication, no securities lending, no leverage, and no complex underlying assets such as contingent convertible bonds or CLOs. The index tracked is a best-in-class ESG UK equity index with 146 constituents, which is transparent and liquid. No capital protection or structured features are present. Costs are straightforward with a TER of 0.23% and no performance fees or swap fees. The PRIIPs KID does not include any comprehension warnings or complexity flags. Overall, the fund exhibits a straightforward, linear, physical index tracking strategy with minimal derivative use for risk management only, no leverage, and no complex underlying assets, leading to a non-complex classification under MiFID II."
}