{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The UBS (Irl) ETF plc - MSCI USA Socially Responsible UCITS ETF (hedged to CHF) A-acc is a physically replicated ETF that tracks the MSCI USA SRI Low Carbon Select 5% Issuer Capped 100% hedged to CHF Index. The KIID and factsheet confirm that the fund uses physical replication ('full replication') and does not employ synthetic replication, swaps, or derivatives for investment purposes. The fund's investment objective is straightforward: to track the performance of the underlying index, which consists of equities with high ESG ratings. The risk profile is rated as '6' (high risk), but this is typical for equity ETFs and does not indicate complexity. The fund does not use leverage, inverse strategies, or structured products. The only mention of derivatives in the KIID is for hedging currency risk, which is a common and transparent practice in ETFs. The factsheet further confirms that the fund does not use derivatives for investment purposes. The PRIIPs KID does not contain a comprehension warning, which would be a red flag for complexity. The fund is UCITS-compliant, which aligns with the non-complex classification. The underlying index is a standard equity index with no complex features, and the fund's holdings are transparent and liquid. The only potential complexity factor is the currency hedging, but this is a standard practice in ETFs and does not trigger a complex classification under MiFID II.",
    "confidence": 95
}