{
    "fund_name": "UBS MSCI ACWI Socially Responsible UCITS ETF hCHF acc",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "Complex index (MSCI ACWI SRI Low Carbon Select 5% Issuer Capped with Developed Markets 100% Hedged to CHF Index)",
        "Currency hedging using derivatives (foreign currency forwards)",
        "Potential for counterparty risk in hedging instruments"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication for its primary strategy, tracking the MSCI ACWI SRI Low Carbon Select 5% Issuer Capped with Developed Markets 100% Hedged to CHF Index. While it does use derivatives for currency hedging (foreign currency forwards), this is a common practice in ETFs and does not significantly alter the risk profile. The index itself is complex due to its multiple screening criteria and hedging component, but the ETF's structure remains straightforward. The fund does not use leverage, inverse strategies, or synthetic replication. The risk profile is clearly communicated as '6' (high volatility), and the use of derivatives is disclosed transparently. The ETF is UCITS-compliant, which typically indicates a non-complex classification under MiFID II.",
    "confidence": 90
}