{
    "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 physically replicates the MSCI World SRI Low Carbon Select 5% Issuer Capped Index, holding the underlying shares in the same proportions as the index. It uses currency hedging to reduce currency risk but does not engage in securities lending or significant leverage. The fund may use derivatives only for risk reduction, cost reduction, or generating additional capital or income, but this use is limited and for efficient portfolio management purposes, with minimal impact on the risk-return profile. The ETF's structure and risks (market volatility, tracking error) are straightforward and transparent, making it understandable to retail investors with basic knowledge. The fund does not embed derivatives integral to its investment objective, nor does it invest in complex structured products such as CLOs. According to MiFID II Article 25(4)(a)(iv) and Article 57 of the Delegated Regulation, UCITS ETFs that physically replicate transparent indices and use derivatives only for efficient portfolio management with limited risk are classified as non-complex. This ETF meets these criteria, so no appropriateness assessment is required for execution-only sales. Therefore, the classification is non-complex."
}