{
    "name": "UBS (Irl) ETF plc - UBS Global Gender Equality UCITS ETF",
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the Solactive Equileap Global Gender Equality 100 Leaders Net Total Return Index. While the KIID mentions that derivatives may be used for risk reduction, cost reduction, or generating additional capital or income, this is explicitly stated as not being a primary strategy and is framed as an ancillary tool rather than a core component of the investment approach. The risk profile is categorized as level 6 due to equity market volatility, but this is typical for equity ETFs and does not inherently indicate complexity. The fund does not employ leverage, inverse strategies, or synthetic replication. The underlying index is transparent and based on liquid equities, and there are no indications of complex structured products or illiquid assets. The use of derivatives is limited to exceptional circumstances and is not a defining feature of the fund's strategy.",
    "confidence": 95
}