{
    "fund_name": "UBS (Irl) ETF plc - MSCI World UCITS ETF (hedged to GBP) A-dis",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "No significant complexity factors identified",
        "Physical replication of MSCI World Index",
        "No leverage or inverse exposure",
        "No synthetic replication or swap usage",
        "UCITS-compliant with straightforward risk profile"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the MSCI World Index, with no leverage, inverse exposure, or synthetic replication. The fund's risk profile is straightforward (risk category 6 due to equity market volatility), and it does not use derivatives beyond what is typical for efficient portfolio management. The KIID and PRIIPs KID confirm no complexity warnings or comprehension alerts. The fact sheet further validates the physical replication method and lack of derivative usage beyond standard hedging.",
    "confidence": 95
}