{
    "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 - Global Gender Equality UCITS ETF is classified as non-complex under MiFID II based on the following analysis: 1. Replication Method: The fund uses physical replication (as confirmed in the factsheet) to track the Solactive Equileap Global Gender Equality 100 Leaders Net Total Return Index. 2. Derivative Usage: While the KIID mentions the possibility of using derivatives for hedging currency risk, the factsheet confirms physical replication and there is no evidence of extensive or complex derivative usage. 3. Leverage/Inverse Exposure: There is no indication of leverage or inverse exposure in the documentation. 4. Underlying Assets: The fund invests in equities of companies with high gender diversity scores, which are liquid and transparent. 5. Risk Profile: The fund is classified in risk category 6 due to equity market volatility, but this is typical for equity ETFs and does not indicate complexity. 6. UCITS Compliance: The fund is UCITS-compliant, which inherently limits complexity. 7. No Complex Features: There are no capital protection mechanisms, structured products, or other complex features mentioned. The fund's strategy is straightforward and transparent, making it suitable for retail investors.",
    "confidence": 95
}