{
    "type": "ETF",
    "ucits": true,
    "fund_name": "UBS Global Gender Equality UCITS ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The UBS Global Gender Equality UCITS ETF is a UCITS-compliant ETF that physically replicates the Solactive Equileap Global Gender Equality 100 Leaders Net Total Return Index by holding all shares in the same proportions as the index (full physical replication). The fund invests primarily in equities of developed market companies with high gender diversity scores. The KIID and PRIIPs KID documents state that derivatives may be used only in exceptional circumstances for risk reduction, cost reduction, or income generation, but this use is not inherent to the investment strategy and is limited. There is no mention of synthetic replication, swap agreements, or counterparty risk exposure. The fund does not engage in securities lending. The fact sheet confirms physical full replication and no use of swaps or synthetic structures. There is no leverage, inverse exposure, or capital protection features. The risk profile is moderate (risk category 5 in KIID, 4 in PRIIPs KID), consistent with equity market volatility, not indicating complexity. Costs are straightforward with a single ongoing charge of 0.20%, no performance fees, and no complex fee structures. The underlying assets are liquid equities, with no complex bonds or structured products. No complexity flags such as contingent convertible bonds, leverage, or derivative-based replication are present. The PRIIPs KID does not include any comprehension warnings or complexity disclaimers. Overall, the ETF exhibits a simple, transparent, and linear investment strategy with physical replication and minimal derivative use only for hedging or risk management, which does not trigger the MiFID II complexity classification. Therefore, the fund is classified as non-complex."
}