{
    "complex": false,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "ucits": true,
    "type": "ETF",
    "complex_factors": "None identified. The ETF uses physical replication and has a straightforward index-tracking strategy with no leverage or complex derivatives.",
    "classification": "non-complex",
    "supporting_data": "The UBS MSCI World Small Cap Socially Responsible UCITS ETF uses physical replication (as confirmed in the factsheet) and tracks a straightforward equity index. The KIID and factsheet confirm no leverage, inverse exposure, or complex derivatives are used. The fund's risk profile (category 6) is consistent with equity investments, and the use of derivatives is limited to potential hedging or efficient portfolio management, which does not trigger complexity under MiFID II. The ETF is UCITS-compliant, further supporting its non-complex classification.",
    "confidence": 95
}