{
    "type": "ETF",
    "ucits": true,
    "fund_name": "UBS (Irl) ETF plc - S&P USA Dividend Aristocrats ESG Elite UCITS ETF",
    "investment_objective": "Passive tracking of the S&P ESG Elite High Yield Dividend Aristocrats Index (Net Return), focusing on high dividend yielding, ESG-rated US companies with a managed-dividends policy of increasing or maintaining dividends for at least 20 years.",
    "primary_asset_class": "Equity",
    "geographic_focus": "United States",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical full replication of the underlying index, investing directly in the shares of the companies in the index in the same proportions. The KIID and PRIIPs KID confirm that derivatives may be used only in exceptional circumstances to reduce risk or costs, not as an inherent part of the investment strategy, and currency forwards are used for hedging currency risk. There is no mention of synthetic replication, swap agreements, or funded/unfunded swaps. The fund is UCITS compliant and does not employ leverage or inverse strategies. The risk profile is medium (4 out of 7 in PRIIPs KID, 6 out of 7 in KIID due to equity volatility), consistent with a straightforward equity ETF. No capital protection or structured features are present. Costs are simple with a TER of 0.20%, no performance fees, and no securities lending. The factsheet confirms physical replication and no use of swaps or complex derivatives. The underlying assets are liquid US equities with no complex bonds or contingent convertible bonds. No complexity flags such as capital guarantees, leverage, or significant counterparty risk are identified. The PRIIPs KID does not carry any comprehension warnings or complexity disclaimers. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}