{
    "complex": "non-complex",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "ucits": true,
    "type": "ETF",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The UBS (Irl) ETF plc - MSCI ACWI Socially Responsible UCITS ETF (USD) A-acc is classified as non-complex under MiFID II based on the following analysis: 1. Replication Method: The fund uses physical replication (full replication) as confirmed in the fact sheet, directly investing in the securities of the MSCI ACWI SRI Low Carbon Select 5% Issuer Capped Index. 2. Derivative Usage: While the KIID mentions the possibility of using derivatives for risk reduction, cost reduction, or generating additional capital/income, the fact sheet explicitly states no derivative usage. The PRIIPs KID and fact sheet confirm no swap agreements or synthetic replication. 3. Leverage/Inverse Exposure: No leverage, inverse, or amplified returns are mentioned. 4. Underlying Assets: The fund invests in equities of companies with strong ESG ratings, with no exposure to complex structured products or illiquid assets. 5. Risk Profile: The fund is in risk category 6 due to equity market volatility, but this is typical for equity ETFs and does not indicate complexity. 6. Costs: Simple fee structure with no performance fees or swap-related costs. 7. UCITS Compliance: The fund is UCITS-compliant, adding to its transparency and regulatory oversight. The absence of derivatives, leverage, or complex structures, combined with physical replication and straightforward equity exposure, supports the non-complex classification.",
    "confidence": 95
}