{
    "fund_name": "UBS Factor MSCI USA Prime Value Screened UCITS ETF",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "Complex index tracking",
        "ESG integration complexity"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the MSCI USA Prime Value Advanced Target Select Index, which is a complex index incorporating ESG factors and value factor strategies. While the index itself is sophisticated, the ETF's straightforward physical replication method and lack of leverage or synthetic structures make it suitable for retail investors. The ETF is UCITS-compliant, has a clear risk profile (risk category 6), and provides adequate transparency through regular disclosures. The use of derivatives is limited to efficient portfolio management (if any) and does not materially alter the risk profile. The ESG integration adds complexity to the index construction but does not make the ETF itself complex under MiFID II standards.",
    "confidence": 90
}