{
    "type": "ETF",
    "ucits": true,
    "fund_name": "JPM Global Emerging Markets Research Enhanced Index Equity SRI Paris Aligned Active UCITS ETF - USD (acc)",
    "investment_objective": "Achieve long-term return in excess of MSCI Emerging Markets SRI EU PAB Overlay ESG Custom Index by actively investing primarily in emerging market companies aligned with Paris Agreement objectives.",
    "primary_asset_class": "Equity",
    "geographic_focus": "Emerging Markets (24 countries)",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS-compliant equity ETF investing primarily in emerging market equities with an active management approach aiming to outperform a Paris-aligned ESG benchmark. The KIID and PRIIPs KID confirm the fund uses physical equity securities, with no mention of synthetic replication, swap agreements, or derivative instruments as part of the investment strategy. Derivatives may be used only for efficient portfolio management, which does not trigger complexity under MiFID II. There is no leverage, inverse exposure, or capital protection features. The risk profile is medium (4/7), consistent with equity market volatility but not indicative of complexity. The factsheet confirms a diversified portfolio of 331 equity holdings, no use of swaps or complex structured products, and no leverage. Costs are straightforward with a 0.30% ongoing charge and no performance fees. No complexity flags such as contingent bonds, capital guarantees, or significant counterparty risk are present. The benchmark is a custom MSCI ESG index, but the ETF does not replicate it synthetically. Overall, the fund exhibits a clear, linear relationship to underlying equity performance and is suitable for retail investors without requiring specialized knowledge of derivatives or complex structures."
}