{
    "type": "ETF",
    "ucits": true,
    "fund_name": "UBS Global Gender Equality UCITS ETF",
    "investment_objective": "Passive tracking of the Solactive Equileap Global Gender Equality 100 Leaders Net Total Return Index USD Currency Hedged",
    "primary_asset_class": "Equity",
    "geographic_focus": "Developed markets, 11 countries with largest weights in US, France, Australia, UK",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS-compliant equity ETF that physically replicates the Solactive Equileap Global Gender Equality 100 Leaders Index with full replication methodology. The fund invests directly in the underlying equities in the same proportions as the index. The KIID and PRIIPs KID confirm that derivatives may be used only in exceptional circumstances for risk reduction or cost efficiency, not as an inherent part of the investment strategy, and no synthetic replication or swap usage is indicated. The factsheet explicitly states physical full replication and no securities lending. There is no leverage, inverse or amplified exposure. The risk profile is medium-low (3/7) in PRIIPs KID and 6 in KIID (reflecting equity volatility), with no capital protection or structured features. Costs are straightforward with a TER of 0.23%, no performance fees, and no complex fee structures. No references to contingent bonds, complex underlying assets, or significant counterparty risk are present. The index tracked is a transparent equity index focused on gender equality screening, without complex derivatives embedded. The PRIIPs KID does not include any comprehension warnings or complexity flags. Overall, the ETF exhibits a clear, linear relationship to the underlying equity index performance with minimal derivative use for hedging only, physical replication, and no leverage or swaps, leading to a non-complex classification under MiFID II."
}