{
    "complex": false,
    "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 World Socially Responsible UCITS ETF (USD A-acc) is classified as non-complex under MiFID II based on the following analysis: 1. Physical replication: The fund uses physical replication to track the MSCI World SRI Low Carbon Select 5% Issuer Capped Index, as confirmed in the factsheet ('Physical (Full replicated)'). 2. No leverage or inverse exposure: There is no mention of leverage, inverse exposure, or amplified returns in the KIID or factsheet. 3. No synthetic replication: The fund does not use swaps or derivative instruments for replication, as confirmed by the physical replication method. 4. Straightforward index tracking: The fund aims to replicate the performance of a transparent, liquid equity index with a clear ESG focus. 5. UCITS compliance: The fund is UCITS-compliant, which inherently limits complexity and ensures adherence to strict regulatory standards. 6. Low risk profile: The fund is classified in risk category 6 (out of 7) in the KIID, indicating a moderate risk level. 7. No capital protection or structured features: The fund does not offer capital guarantees or structured returns. 8. Minimal derivative usage: While the KIID mentions the potential use of derivatives for risk reduction, cost reduction, or generating additional capital/income, the factsheet confirms physical replication, and the KIID does not indicate extensive or complex derivative usage. The fund's derivative usage, if any, is likely limited to efficient portfolio management (EPM) purposes, which does not trigger complexity under MiFID II. The absence of leverage, inverse exposure, synthetic replication, or complex underlying assets supports the non-complex classification.",
    "confidence": 95
}