{
    "type": "ETF",
    "ucits": true,
    "fund_name": "UBS Climate Aware Global Developed Equity CTB UCITS ETF",
    "investment_objective": "Passive replication of the Solactive UBS Climate Aware Global Developed Equity CTB Net Total Return Index, focusing on large and mid-cap global equities from developed markets with climate transition criteria.",
    "primary_asset_class": "Equity",
    "geographic_focus": "Global Developed Markets",
    "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 a broad equity index with 859 constituents, holding the majority of the underlying securities directly. The KIID and PRIIPs KID confirm that derivatives may be used only for risk reduction or cost efficiency, not as a core synthetic replication method. There is no mention of swap agreements, total return swaps, or counterparty risk exposure. The fund does not engage in securities lending. Leverage or inverse strategies are not employed. The risk profile is moderate (risk category 5 in KIID, 4 in PRIIPs KID), consistent with equity market volatility but without complexity flags such as capital protection or structured features. Costs are straightforward with a low TER of 0.19% and no performance fees. The factsheet confirms physical replication and no synthetic or swap-based replication. The index tracked is a climate transition benchmark but does not involve complex derivatives or structured products. No contingent convertible bonds or complex underlying assets are held. The PRIIPs KID indicates the product is suitable for retail investors with basic financial understanding and does not carry a comprehension warning. Overall, the ETF exhibits a clear, linear relationship to the underlying index performance with minimal derivative use for hedging only, thus classifying it as non-complex under MiFID II."
}