{
    "type": "ETF",
    "ucits": true,
    "fund_name": "UBS Global Gender Equality UCITS ETF",
    "investment_objective": "Track performance of the Solactive Equileap Global Gender Equality 100 Leaders Net Total Return hedged to CHF Index",
    "primary_asset_class": "Equity",
    "geographic_focus": "Developed markets globally (11 countries, largest weights US, France, Australia, UK)",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical full replication of the Solactive Equileap Global Gender Equality 100 Leaders Index, holding all shares in the same proportions as the index. The KIID and factsheet explicitly state 'Physical (Full replicated)' replication methodology. There is no mention of synthetic replication, swap agreements, or total return swaps. Derivatives may be used only exceptionally for risk reduction or cost management, not as an inherent part of the strategy, so derivatives are marked false. There is no leverage, inverse or amplified exposure language. The fund invests directly in liquid equities of developed markets, with no complex underlying assets such as contingent convertible bonds or CLOs. The risk profile in the KIID is 6 (on a 1-7 scale) due to equity volatility, but the PRIIPs KID classifies it as risk 3 (medium-low), reflecting a moderate risk level. No capital protection or structured features are present. Costs are straightforward with a TER of 0.23%, no performance fees, no swap fees, and no securities lending. The fund is UCITS compliant. The PRIIPs KID does not include any comprehension warnings or complexity flags. The factsheet confirms no securities lending and no synthetic replication. The index tracked is a transparent, equity-based ESG index with 100 constituents, no complex derivatives embedded. Overall, the ETF is straightforward, transparent, and non-complex under MiFID II criteria."
}