{
    "type": "ETF",
    "ucits": true,
    "fund_name": "UBS S&P 500 Scored & Screened UCITS ETF",
    "investment_objective": "Track performance of the S&P 500 Scored & Screened Hedged to EUR Index (Net Total Return), a broad-based ESG screened US equity index hedged to EUR",
    "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 EUR Index. The factsheet explicitly states 'Replication methodology: Physical (Full replicated)'. The KIID and PRIIPs KID confirm the fund may use derivatives only for risk reduction, cost reduction, or income generation, not as an inherent part of the investment strategy, and derivative use is limited and non-leveraged. There is no mention of swap agreements, synthetic replication, or counterparty risk exposure. The fund does not engage in securities lending. Leverage or inverse exposure is not present. The risk profile is medium (4 out of 7 in PRIIPs KID, 6 out of 7 in KIID, reflecting equity market volatility rather than complexity). Costs are straightforward with a low TER (0.13%) and no performance fees or swap fees. The underlying assets are liquid US large-cap equities with ESG screening, no complex bonds or structured products. The currency hedging is done via forwards but described as risk reduction, not as a complexity driver. No capital protection or structured features are present. The PRIIPs KID does not include any comprehension warnings or complexity flags. Overall, the fund exhibits a clear, linear relationship to the underlying index performance with minimal derivative use for hedging purposes only, physical replication, and no leverage or synthetic structures, leading to a non-complex classification under MiFID II."
}