{
    "complex": false,
    "leverage": false,
    "derivatives": true,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "ucits": true,
    "type": "ETF",
    "complex_factors": [
        "Currency hedging using derivatives",
        "ESG integration complexity"
    ],
    "classification": "non-complex",
    "supporting_data": "The UBS Factor MSCI USA Prime Value Screened UCITS ETF uses physical replication (as confirmed in the factsheet) and does not employ leverage or inverse strategies. While it uses derivatives for currency hedging (selling foreign currency forwards at one-month forward rates), this is a standard practice for hedged ETFs and does not introduce significant complexity. The fund's risk profile (risk category 6) is clearly disclosed, and the underlying assets (US large/mid-cap equities) are straightforward. The ESG integration adds some complexity, but this is typical for modern ETFs and does not elevate the fund to 'complex' status under MiFID II. The absence of synthetic replication, leverage, or structured products supports the non-complex classification.",
    "confidence": 90
}