{
    "type": "ETF",
    "ucits": true,
    "fund_name": "UBS MSCI United Kingdom IMI Socially Responsible UCITS ETF",
    "investment_objective": "Track performance of the MSCI UK IMI Extended SRI Low Carbon Select 5% Issuer Capped 100% hedged to EUR Index (Net Return), focusing on best-in-class ESG UK companies with currency hedging to EUR.",
    "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 uses physical full replication of the underlying MSCI UK IMI Extended SRI Low Carbon Select 5% Issuer Capped 100% hedged to EUR Total Return Net Index, holding all shares in the same proportions as the index. The fund is UCITS compliant and does not engage in securities lending. Derivative instruments are only used exceptionally for risk reduction, cost reduction, or generating additional capital or income, not as an inherent part of the investment strategy, and no swap agreements or synthetic replication are mentioned. There is no leverage, inverse or amplified exposure. The risk profile is moderate to high (risk category 5-6 in KIID, 4 in PRIIPs KID), reflecting equity market volatility rather than structural complexity. The fund invests directly in liquid UK equities with no complex underlying assets such as contingent convertible bonds or CLOs. Costs are straightforward with a TER of 0.26%, no performance fees, and no swap or derivative fees. The PRIIPs KID confirms suitability for retail investors with basic financial understanding and no comprehension warnings indicating complexity. The monthly factsheet confirms physical replication, no synthetic structures, and no leverage. Currency hedging is done via forwards but is standard and not a complexity driver. Overall, the fund exhibits a clear, linear relationship to the underlying index performance with minimal derivative use for hedging purposes only, thus classifying it as non-complex under MiFID II."
}