{
    "type": "ETF",
    "ucits": true,
    "fund_name": "UBS BBG MSCI US Liquid Corp Sustainable UCITS ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The fund is a UCITS-compliant ETF that tracks the Bloomberg MSCI US Liquid Corporates Sustainable Index using a stratified sampling physical replication method, investing predominantly in investment grade USD-denominated corporate bonds. The KIID and factsheet confirm physical replication with no synthetic or swap-based replication. The fund uses currency forwards for hedging currency risk, but this derivative use is for risk management rather than inherent strategy exposure, so derivatives are marked false. There is no leverage, inverse or amplified exposure. The risk profile is moderate (category 5 in KIID, category 3 in PRIIPs KID), reflecting bond market volatility and credit risk, but no complexity flags such as contingent bonds, capital protection, or structured features are present. The fund does not engage in securities lending. The factsheet confirms no use of swaps or synthetic replication, and the tracking error is very low (~0.05%), indicating straightforward index tracking. Costs are simple with a low TER and no performance fees. The PRIIPs KID does not include any comprehension warnings or complexity flags. Overall, the fund's structure, replication, and underlying assets are straightforward and transparent, leading to a non-complex classification under MiFID II."
}