{
    "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 World Socially Responsible UCITS ETF is a physically replicated ETF that tracks the MSCI World SRI Low Carbon Select 5% Issuer Capped Index. The KIID and factsheet indicate 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 under MiFID II. The fund does not employ leverage, inverse strategies, or capital protection mechanisms. The underlying assets are liquid, transparent equities from developed markets. While the KIID mentions that derivatives may be used, it specifies that this is for risk reduction or efficiency purposes, not as a core strategy. The factsheet confirms physical replication and shows a straightforward tracking of a well-known ESG index. The absence of complex features like leverage, inverse exposure, or significant counterparty risk supports a non-complex classification.",
    "confidence": 95
}