{
    "type": "ETF",
    "ucits": true,
    "fund_name": "UBS (Irl) ETF plc - UBS S&P 500 Scored & Screened UCITS ETF",
    "investment_objective": "Track performance of the S&P 500 Scored & Screened Hedged to CHF Index (Net Total Return), a broad-based, market cap-weighted equity index focused on best-in-class ESG US companies with currency hedging to CHF.",
    "primary_asset_class": "Equity",
    "geographic_focus": "USA (US equities)",
    "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 physically replicating the S&P 500 Scored & Screened Hedged to CHF Index. The fund uses full physical replication as confirmed by the factsheet and KIID. There is no mention of synthetic replication, swap agreements, or total return swaps. The fund may use derivatives only for risk reduction or currency hedging purposes, which does not trigger complexity under MiFID II. There is no leverage, inverse or amplified exposure. The underlying assets are large-cap US equities, liquid and transparent. No complex structured products or contingent bonds are held. The risk profile is moderate (risk category 5 in KIID, 4 in PRIIPs KID), consistent with a standard equity ETF. Costs are straightforward with a low TER (0.13%) and no performance fees or swap fees. The PRIIPs KID does not include any comprehension warnings or complexity flags. The fund does not engage in securities lending. Currency risk is hedged via forwards, but this is a standard risk management technique and does not imply synthetic replication. Overall, the ETF exhibits a clear, linear relationship to the underlying index performance with minimal derivative use for hedging only. Therefore, it does not meet the MiFID II criteria for a complex financial instrument."
}