{
    "type": "ETF",
    "ucits": true,
    "fund_name": "UBS (Irl) ETF plc - Global Gender Equality UCITS ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The fund is a UCITS-compliant ETF that physically replicates the Solactive Equileap Global Gender Equality 100 Leaders Net Total Return Index, holding all shares in the same proportions as the index (full 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 counterparty risk exposure. The factsheet explicitly states 'Replication methodology: Physical (Full replicated)'. There is no leverage, inverse or amplified exposure language. The risk profile is medium (4 out of 7 in PRIIPs KID, 5 out of 7 in KIID), consistent with equity market volatility, not complexity. No capital protection or structured features are present. Costs are straightforward with a TER of 0.23%, no performance fees, and no swap or derivative fees. The underlying assets are equities of developed market companies with a focus on gender equality, which are liquid and transparent. The index tracked is straightforward and does not involve complex derivatives or contingent bonds. The PRIIPs KID does not carry any comprehension warnings or complexity flags. Overall, the fund exhibits none of the MiFID II complexity indicators such as synthetic replication, leverage, complex underlying assets, or capital protection mechanisms. Therefore, it is classified as non-complex."
}