{
    "complex": false,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "ucits": true,
    "type": "ETF",
    "complex_factors": [
        "None identified"
    ],
    "classification": "non-complex",
    "supporting_data": "The UBS (Irl) ETF plc - MSCI ACWI Socially Responsible UCITS ETF (hedged to 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 factsheet, meaning it directly invests in the securities of the underlying index. 2. Derivative Usage: While the KIID mentions the possibility of using derivatives for risk reduction, hedging, or cost efficiency, the factsheet explicitly states 'Physical (Full replicated)' as the replication methodology, indicating no material derivative exposure. 3. Leverage/Inverse Exposure: No references to leverage, inverse exposure, or amplified returns are present in any of the documents. 4. Underlying Assets: The fund invests in equities of companies with strong ESG ratings, which are liquid and transparent. 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: The TER is 0.28%, with no performance fees or complex fee structures. 7. UCITS Compliance: The fund is UCITS-compliant, which inherently limits complexity. The absence of synthetic replication, leverage, inverse strategies, or complex underlying assets (e.g., derivatives, illiquid securities) supports the non-complex classification. The fund's straightforward physical replication and transparent equity exposure make it suitable for retail investors.",
    "confidence": 95
}