{
    "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 classified as non-complex under MiFID II based on the following analysis: 1. Replication Method: The fund uses physical replication (full replication) as confirmed in the factsheet, meaning it directly invests in the underlying securities of the S&P 500 Scored & Screened Index. 2. Derivative Usage: While the KIID mentions the possibility of using derivatives for risk reduction, cost reduction, or generating additional capital/income, the factsheet and PRIIPs KID do not indicate any actual derivative usage beyond what might be considered standard for efficient portfolio management. There is no mention of swaps, synthetic replication, or counterparty risk exposure. 3. Leverage: There is no indication of any leverage or inverse exposure in the documentation. 4. Underlying Assets: The fund invests in equities of large-cap US companies, which are considered liquid and transparent. 5. Risk Profile: The fund is in risk category 6 due to high volatility inherent in equity markets, but this does not indicate complexity in structure. 6. Costs: The fund has a straightforward fee structure with a TER of 0.10%. 7. UCITS Compliance: The fund is UCITS-compliant, which inherently limits the use of complex strategies. The absence of any complex factors such as swaps, leverage, or inverse exposure, combined with the use of physical replication and straightforward equity investments, supports the non-complex classification.",
    "confidence": 95
}