{
    "fund_name": "UBS (Lux) Fund Solutions - MSCI Switzerland 20/35 UCITS ETF",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the MSCI Switzerland 20/35 Index, investing directly in the underlying securities. While the KIID mentions the possibility of using derivatives for efficient exposure or cost reduction, the fact sheet confirms physical replication as the primary methodology. There is no leverage, inverse exposure, or complex structured features. The risk profile is straightforward (equity exposure), and the fund is UCITS-compliant, indicating regulatory alignment with retail investor suitability. The absence of swaps, synthetic replication, or capital protection mechanisms further supports the non-complex classification.",
    "confidence": 95
}