{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The UBS MSCI United Kingdom IMI Socially Responsible UCITS ETF is a UCITS-compliant ETF that physically replicates the MSCI UK IMI Extended SRI Low Carbon Select 5% Issuer Capped 100% hedged to CHF Index. The KIID explicitly states that the Fund seeks to hold all shares of the Index in the same proportions, indicating full physical replication. While the Fund may use derivatives in exceptional circumstances for risk reduction, cost reduction, or generating additional capital or income, this use is ancillary and not inherent to the investment strategy, thus derivatives are not considered a core element of the strategy. There is no mention of synthetic replication, swap agreements, total return swaps, or counterparty exposure. The Fund does not engage in securities lending, and there is no leverage or inverse exposure. The risk profile is moderate to high (risk category 5 in KIID, 4 in PRIIPs KID), consistent with equity market volatility rather than complexity. Costs are straightforward with no performance fees or swap fees. The PRIIPs KID does not include any comprehension warnings or complexity flags. The index tracked is ESG-focused but does not involve complex structured products or contingent bonds. Currency risk is hedged via forwards, which is a standard practice and does not imply complexity. Overall, the ETF exhibits a clear, linear relationship to the underlying index performance with minimal derivative use for hedging purposes only, physical replication, no leverage, and no complex underlying assets. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}