{
    "ucits": true,
    "type": "ETF",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": "None",
    "classification": "non-complex",
    "supporting_data": "The UBS Global Gender Equality UCITS ETF is a UCITS-compliant, physically replicated ETF tracking a transparent equity index. It does not engage in securities lending, does not use leverage beyond UCITS limits, and does not use derivatives as an inherent part of its investment strategyu2014only for efficient portfolio management (EPM) in exceptional circumstances, with minimal impact on risk-return. The structure, risks, and payoff are straightforward and easily understood by retail investors with basic knowledge. The ETF does not hold complex bonds, structured products, or employ synthetic replication. There is no evidence of embedded derivatives, contingent convertible bonds, or complex indices. The risk profile reflects market volatility (equity risk), not structural complexity. All these factors support a non-complex classification under MiFID II Article 25(4) and Delegated Regulation Article 57[1]."
}