{
    "ucits": true,
    "type": "ETF",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The UBS MSCI World Socially Responsible UCITS ETF is a UCITS-compliant ETF that uses physical replication by holding the underlying shares of the MSCI World SRI Low Carbon Select 5% Issuer Capped Index. It uses derivatives only for efficient portfolio management (EPM), such as currency hedging and managing inflows/outflows, with no embedded derivatives integral to the investment objective. The ETF does not engage in securities lending, does not use significant leverage, and does not embed complex structured products like CLOs or contingent convertible bonds. The index tracked is transparent and well-documented, and the ETF's structure and risks (market volatility, tracking error) are straightforward and understandable by retail investors with basic knowledge. According to MiFID II Article 25(4)(a)(iv) and Article 57 criteria, UCITS ETFs that physically replicate transparent indices and use derivatives only for EPM with minimal risk impact are classified as non-complex. The absence of embedded derivatives, leverage, or complex payoff structures supports this classification. Therefore, this ETF is non-complex under MiFID II and does not require an appropriateness assessment or a comprehension alert in the KID."
}