{
    "ucits": true,
    "type": "ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": "None",
    "classification": "non-complex",
    "supporting_data": "The UBS (Lux) Fund Solutions u2013 EURO STOXX 50 UCITS ETF is a UCITS-compliant ETF, which is automatically classified as non-complex under MiFID II Article 25(4)(a)(iv), unless it is a structured UCITS or fails the Article 57 criteria[1]. The fund's objective is to track the EURO STOXX 50u00ae Index (Net Return) through direct investments in the underlying securities, with derivatives used only for efficient portfolio management (EPM) when direct replication is not possible or practical. The use of derivatives is explicitly described as limited to EPM, not central to the investment strategy, and counterparty risk is mitigated by a collateral policy. There is no evidence of significant leverage, embedded derivatives, synthetic replication, or other complex features. The fund may engage in securities lending, but this is a secondary activity, well within UCITS rules, and does not dominate the risk profile. The index tracked is a transparent, well-documented equity index. The fund's structure, risks, and objectives are straightforward and can be understood by retail investors with basic knowledge. No complex indices, contingent convertible bonds, or other inherently complex instruments are mentioned. Therefore, the fund meets all criteria for non-complex classification under MiFID II[1]."
}