{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The UBS (Irl) ETF plc - S&P 500 Climate Transition ESG UCITS ETF is a UCITS-compliant ETF that passively tracks the S&P 500 Climate Transition Base ESG Index (Net Return). The fund invests at least 90% of its assets directly in the underlying equity securities of the index, indicating physical replication. The KIID and PRIIPs KID documents confirm that derivatives may be used only in exceptional circumstances for risk reduction, cost reduction, or generating additional capital or income, but not as an inherent part of the investment strategy. There is no mention of synthetic replication, swap agreements, or funded/unfunded swaps. No leverage, inverse, or amplified return features are present. The risk profile is medium (4 out of 7 in PRIIPs KID, 5-6 in KIID), consistent with equity market volatility, not complexity. The fund does not engage in securities lending, nor does it have capital protection or structured product features. Costs are straightforward with a low ongoing charge of 0.10% and no performance fees or swap fees. The fund's underlying assets are liquid, transparent equities with ESG exclusions applied, but no complex bonds or structured products. There are no complexity flags such as contingent convertible bonds, leverage, or significant counterparty risk exposure. The PRIIPs KID does not include a comprehension warning. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}