{
    "type": "ETF",
    "ucits": true,
    "fund_name": "UBS (Irl) ETF plc - MSCI ACWI Climate Paris Aligned UCITS ETF",
    "investment_objective": "Passively track the MSCI ACWI Climate Paris Aligned Index (Net Return), an equity index with large and mid-cap stocks worldwide, aligned with Paris Agreement climate goals.",
    "primary_asset_class": "Equity",
    "geographic_focus": "Global - Developed and Emerging Markets",
    "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 the MSCI ACWI Climate Paris Aligned Index, holding the majority of the underlying securities directly. The KIID and PRIIPs KID confirm that derivatives may be used only for risk reduction or cost efficiency, not as a core part of the investment strategy, thus derivatives exposure is minimal and not inherent. There is no mention of synthetic replication, swap agreements, or counterparty risk beyond normal market risks. The fund is UCITS compliant, with a straightforward index-tracking objective investing in liquid, transparent equities. The risk profile is medium (4 out of 7 in PRIIPs KID, 5-6 in KIID), reflecting equity market volatility and emerging market exposure, not complexity. The factsheet confirms physical replication, no securities lending, no leverage or inverse exposure, and no capital protection or structured features. Costs are simple with a low TER (0.18%) and no performance fees. The index tracked is complex in ESG/climate criteria but does not add complexity to the fund structure itself. No complex underlying assets like contingent bonds or CLOs are held. Overall, the fund's structure and strategy align with non-complex classification under MiFID II."
}