{
    "fund_name": "UBS MSCI United Kingdom IMI Socially Responsible UCITS ETF",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": true,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "Currency hedging using derivatives",
        "Potential use of derivatives for risk reduction or cost efficiency",
        "Complex ESG screening methodology"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF primarily uses physical replication to track the MSCI UK IMI Extended SRI Low Carbon Select 5% Issuer Capped 100% hedged to CHF Index. While it may use derivatives for currency hedging and potentially for risk reduction or cost efficiency, these uses appear to be for efficient portfolio management rather than for leverage or complex strategies. The fund does not use swaps or inverse strategies, and its risk profile (category 6) is clearly disclosed. The ESG screening methodology is complex but does not inherently make the fund complex under MiFID II. The fund is UCITS-compliant, which typically indicates a non-complex structure. The use of derivatives is limited to hedging and does not appear to create significant additional risk or make the fund's risk profile materially different from its underlying assets.",
    "confidence": 85
}