{
    "complex": false,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "ucits": true,
    "type": "ETF",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The UBS (Irl) ETF plc - S&P 500 Scored & Screened UCITS ETF is a physically replicated ETF tracking the S&P 500 Scored & Screened Index. The KIID and factsheet confirm it uses physical replication (full replication) and does not employ leverage, inverse strategies, or synthetic replication. While the KIID mentions that derivatives may be used for risk reduction or cost efficiency, this is explicitly stated as not being a primary strategy and is within the bounds of standard Efficient Portfolio Management (EPM) practices. The fund is UCITS-compliant, has a straightforward investment objective, and invests directly in liquid, transparent securities. The risk profile (category 6) is high due to equity market volatility, not structural complexity. The absence of leverage, inverse exposure, or synthetic replication, combined with the physical replication method and UCITS compliance, supports the non-complex classification.",
    "confidence": 95
}