{
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The UBS (Lux) Fund Solutions - MSCI USA Socially Responsible UCITS ETF is a physically replicated ETF that tracks the MSCI USA SRI Low Carbon Select 5% Issuer Capped Index. The KIID and factsheet confirm that the fund uses physical replication, meaning it directly holds the underlying securities of the index. There is no mention of synthetic replication, swaps, or significant derivative usage beyond what might be used for efficient portfolio management. The fund's risk profile is categorized as level 6 due to equity market volatility, but this is typical for equity ETFs and does not indicate complexity. The fund does not employ leverage, inverse strategies, or capital protection mechanisms. The underlying assets are liquid, transparent equities, and the fund is UCITS-compliant, which generally indicates a non-complex structure. The factsheet explicitly states the replication methodology as 'Physical (Full replicated),' further supporting the non-complex classification.",
    "confidence": 95
}