{
    "type": "ETF",
    "ucits": true,
    "fund_name": "UBS S&P 500 Climate Transition ESG UCITS ETF",
    "investment_objective": "Track performance of the S&P 500 Climate Transition Base ESG Index (Net Return), a low-carbon and climate resilient economy compatible equity index with ESG exclusions",
    "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 is a UCITS fund physically replicating the S&P 500 Climate Transition Base ESG Index with full replication methodology as confirmed by the factsheet. There is no mention of synthetic replication, swap agreements, or derivative instruments used as part of the investment strategy. Derivatives may be used only exceptionally for risk reduction or cost efficiency, not as an inherent element of the strategy, so derivatives are marked false. There is no leverage, inverse or amplified exposure language. The underlying assets are equities of large US companies, liquid and transparent, with no complex structured products or contingent bonds. The risk profile is moderate (risk category 4 in PRIIPs KID, 6 in KIID but driven by equity volatility, not complexity). No capital protection or structured features are present. Costs are straightforward with a low TER and no performance fees or swap fees. The PRIIPs KID does not contain any comprehension warnings or complexity flags. The factsheet confirms physical full replication and no securities lending. Overall, the ETF exhibits a straightforward index-tracking objective with direct investment in liquid equities and minimal derivative use only for risk management, thus it is classified as non-complex under MiFID II."
}