{
    "type": "ETF",
    "ucits": true,
    "fund_name": "UBS (Lux) Fund Solutions - MSCI EMU Socially Responsible UCITS ETF",
    "investment_objective": "Passive replication of MSCI EMU SRI Low Carbon Select 5% Issuer Capped 100% hedged to CHF Index (Net Return), focusing on best-in-class ESG companies in EMU with currency hedging to CHF.",
    "primary_asset_class": "Equity",
    "geographic_focus": "European Economic and Monetary Union (EMU)",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The KIID and PRIIPs KID indicate the fund primarily uses physical full replication of the MSCI EMU SRI Low Carbon Select 5% Issuer Capped 100% hedged to CHF Index. The fund invests directly in equities and transferable securities, with no securities lending and no use of leverage or inverse strategies. Derivatives may be used only for hedging currency risk and operational efficiency, not as an inherent part of the investment strategy, thus derivatives are marked false. The factsheet confirms physical full replication methodology and no synthetic replication or swap usage. The risk profile is medium (4 out of 7) in PRIIPs KID and 6 in KIID, reflecting equity market volatility rather than complexity. No capital protection or structured features are present. Costs are straightforward with a TER of 0.23% and no performance fees. No complex underlying assets such as contingent convertible bonds or CLOs are held. The index tracked is a standard ESG-focused equity index with 73 constituents, no complex derivatives embedded. No references to funded or unfunded swaps, counterparty risk, leverage, or inverse exposure were found. The PRIIPs KID does not carry any comprehension warnings or complexity flags. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}