{
    "type": "ETF",
    "ucits": true,
    "fund_name": "UBS (Lux) Fund Solutions - J.P. Morgan Global Government ESG Liquid Bond UCITS ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS-compliant bond ETF that tracks the J.P. Morgan Global Government ESG Liquid Bond Index using a stratified sampling physical replication method. The KIID and PRIIPs KID documents indicate that the fund may use derivatives only for risk management or to achieve proportionate exposure, but this is not an inherent part of the investment strategy, and no synthetic replication or swap agreements are mentioned. The factsheet confirms physical replication with stratified sampling and no securities lending. There is no leverage, inverse exposure, or capital protection features. The risk profile is low (category 2-3), consistent with a straightforward bond index tracking fund. The fund invests predominantly in liquid government bonds with high credit quality and does not hold complex underlying assets such as contingent convertible bonds or CLOs. Costs are simple with a low TER and no performance fees. No complexity flags such as counterparty risk from swaps, leverage, or structured features are present. The PRIIPs KID does not include any comprehension warnings or complexity disclaimers. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}