{
    "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 EURO STOXX 50 ESG UCITS ETF is classified as non-complex under MiFID II. The fund uses physical replication (full replication) as confirmed in the factsheet, meaning it directly invests in the underlying securities of the EURO STOXX 50 ESG Index. There is no mention of synthetic replication, swaps, or derivative instruments beyond standard ETF operations. The fund does not employ leverage, inverse strategies, or other complex financial instruments. The KIID and PRIIPs documents confirm the fund's straightforward investment strategy, which aligns with the EURO STOXX 50 ESG Index. The risk profile is clearly stated as risk category 6, reflecting the volatility of equity investments, but this does not indicate complexity. The fund is UCITS-compliant, further supporting its suitability for retail investors. No comprehension warnings or additional complexity flags are present in the PRIIPs document. The factsheet and KIID provide transparent information about the fund's holdings, strategy, and risks, making it easily understandable for investors.",
    "confidence": 95
}