{
    "type": "ETF",
    "ucits": true,
    "fund_name": "UBS BBG MSCI Euro Area Liquid Corp 1-5 Sustainable UCITS ETF",
    "investment_objective": "Passive tracking of Bloomberg MSCI Euro Area Liquid Corporates 1-5 Year Sustainable Index (Total Return) with ESG criteria",
    "primary_asset_class": "Bond",
    "geographic_focus": "Euro Area",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses a physical stratified sampling replication method to track a Euro Area corporate bond index with ESG criteria. There is no mention of synthetic replication, swap agreements, or derivative instruments used for investment purposes, only a note that derivatives may be used for risk reduction but not as an inherent part of the strategy. The fund is UCITS compliant and invests predominantly in liquid investment grade corporate bonds with no leverage or inverse exposure. The risk profile is moderate to low (risk category 3 in KIID, 2 in PRIIPs KID), consistent with a straightforward bond index tracking fund. Costs are simple with a low TER of 0.12%, no performance fees, and no securities lending. The factsheet confirms physical replication and no use of swaps or synthetic structures. No capital protection or structured features are present. The PRIIPs KID states the product is 'not simple and may be difficult to understand' but this appears to be a standard caution rather than reflecting complex features such as leverage or contingent bonds. Overall, the fund's structure and underlying assets are transparent, liquid, and straightforward, leading to a non-complex classification under MiFID II."
}