{
    "ucits": true,
    "type": "ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": "None identified",
    "classification": "non-complex",
    "supporting_data": "The UBS (Lux) Fund Solutions u2013 Bloomberg MSCI US Liquid Corporates Sustainable UCITS ETF is a UCITS-compliant, physically replicated ETF tracking a transparent, investment-grade corporate bond index. It uses a stratified sampling approach, investing at least 90% of net assets in index constituents, and does not engage in securities lending. The fund may use derivatives for efficient portfolio management (EPM), such as currency forwards for hedging, but these are not central to the investment strategy and do not introduce significant counterparty or collateral risk. The structure, risks (primarily credit and market risk), and investment objective are straightforward and disclosed in the KIID. There is no evidence of embedded derivatives, complex bonds (e.g., contingent convertibles), leverage beyond UCITS limits, or other features that would make the product difficult for a retail investor with basic knowledge to understand. The fund is authorized in Luxembourg and regulated by the CSSF, supporting transparency and regulatory oversight. All these elements align with the presumption that UCITS ETFs are non-complex under MiFID II, provided they do not employ complex strategies or hold complex underlying assets[1][2]."
}