{
    "complex": false,
    "leverage": false,
    "derivatives": true,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "ucits": true,
    "type": "ETF",
    "complex_factors": [
        "Currency Hedging",
        "ESG Integration"
    ],
    "classification": "non-complex",
    "supporting_data": "The UBS (Irl) ETF plc - UBS Factor MSCI USA Prime Value Screened UCITS ETF primarily uses physical replication to track its benchmark index, which is a key indicator of non-complexity under MiFID II. While the fund does mention the use of derivatives, it specifies that these are used for hedging currency exposure and only when direct investment is impractical, which aligns with efficient portfolio management rather than complex strategies. The fund's risk profile is categorized as level 6 due to high volatility typical of equity investments, but this alone does not indicate complexity. The fund does not employ leverage, inverse strategies, or synthetic replication, and it is UCITS-compliant, further supporting its non-complex classification. The ESG integration and currency hedging are transparent and do not introduce additional complexity that would require specialist knowledge.",
    "confidence": 90
}