{
    "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 hedged to GBP Index",
    "primary_asset_class": "Equity",
    "geographic_focus": "Developed markets globally",
    "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 Net Total Return Index with full replication. The fund holds all shares in the index in the same proportions, with no synthetic replication or swap agreements mentioned. Derivatives may be used only exceptionally for risk reduction or cost efficiency, not as an inherent part of the strategy, and no leverage or inverse exposure is present. The risk profile is moderate (risk category 5 in KIID, 3 in PRIIPs KID), reflecting equity market volatility but no complexity flags such as capital protection or structured features. The factsheet confirms physical replication and no securities lending. Costs are straightforward with a TER of 0.23%, no performance fees, and no swap or derivative fees. There is no mention of complex underlying assets like contingent convertible bonds or CLOs. The index is a transparent, equity-based ESG-themed index with 100 constituents from developed markets. No counterparty risk or complex derivative counterparty risk disclosures are present beyond standard derivative usage for hedging. The PRIIPs KID does not include a comprehension warning or complexity flag. Overall, the ETF exhibits a clear, linear relationship to the underlying index performance, with minimal derivative use for hedging only, no leverage, and physical replication, supporting a non-complex classification under MiFID II."
}