{
    "type": "ETF",
    "ucits": true,
    "fund_name": "UBS BBG MSCI US Liquid Corp 1-5 Sustainable UCITS ETF",
    "investment_objective": "Passive tracking of Bloomberg MSCI US Liquid Corporates 1-5 Year Sustainable Index using stratified sampling and portfolio optimisation",
    "primary_asset_class": "Corporate Bonds",
    "geographic_focus": "United States",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS-compliant fund that physically replicates the Bloomberg MSCI US Liquid Corporates 1-5 Year Sustainable Index using a stratified sampling approach. The fund invests predominantly in investment grade corporate bonds with maturities between 1 and 5 years. There is no mention of synthetic replication, swap agreements, or derivative instruments used for investment exposure. Derivatives may be used only for risk management purposes, which does not trigger complexity under MiFID II. The fund does not employ leverage, inverse or amplified exposure. The risk profile is moderate to low (risk category 3 in KIID, 2 in PRIIPs KID), consistent with a straightforward bond ETF. Costs are simple with a low TER of 0.15% and no performance fees or swap fees. The underlying assets are liquid, investment grade corporate bonds without complex structured features or contingent capital instruments. No capital protection or structured return features are present. The PRIIPs KID confirms the product is suitable for retail investors with basic financial understanding and does not carry a complexity warning. The factsheet confirms physical replication and no use of swaps or synthetic structures. Overall, the ETF exhibits none of the MiFID II complexity indicators such as synthetic replication, leverage, complex underlying assets, or capital protection mechanisms. Therefore, it is classified as non-complex."
}