{
    "complex": false,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "ucits": true,
    "type": "ETF",
    "complex_factors": null,
    "classification": "non-complex",
    "supporting_data": "The UBS MSCI ACWI Universal UCITS ETF is a physically replicated ETF that tracks the MSCI ACWI Universal Low Carbon Select 5% Issuer Capped with Developed Markets 100% Hedged to CHF Index. The ETF uses a sampling strategy to invest in a representative selection of the index constituents, which is a common and non-complex approach. The KIID explicitly states that the fund does not use securities lending, which reduces complexity. While the fund may use derivatives for currency hedging (as indicated by the hedging of foreign currency exposure), this is a standard practice for hedged ETFs and does not introduce significant complexity. The risk profile is rated at level 6, which is high but not unusual for equity ETFs. The fund does not employ leverage, inverse strategies, or synthetic replication, and there are no indications of complex underlying assets or capital protection mechanisms. The ETF is UCITS-compliant, which generally aligns with non-complex classifications under MiFID II. The use of derivatives is limited to hedging purposes, which is explicitly permitted under MiFID II without triggering complexity. The fund's transparency, liquidity, and straightforward investment strategy further support its classification as non-complex.",
    "confidence": 90
}