{
    "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 - MSCI USA Climate Paris Aligned UCITS ETF is a physically replicated ETF that tracks the MSCI USA Climate Paris Aligned Index. The KIID and factsheet indicate that the fund primarily holds the underlying securities of the index, with no evidence of leverage, inverse strategies, or synthetic replication. While the fund may use derivatives for risk management or cost reduction, this is explicitly stated as not being for leverage or speculative purposes. The fund is UCITS-compliant, has a straightforward investment objective, and invests in liquid, transparent securities. The risk profile is clearly disclosed, and the fund does not exhibit characteristics that would make it complex under MiFID II regulations.",
    "confidence": 95
}