{
    "type": "ETF",
    "ucits": true,
    "fund_name": "UBS MSCI Pacific ex Japan IMI Socially Responsible UCITS ETF",
    "investment_objective": "Track the MSCI Pacific (ex Japan) IMI Extended SRI Low Carbon Select 5% Issuer Capped Index (Net Return), focusing on ESG best-in-class Pacific ex Japan companies with low carbon and issuer caps.",
    "primary_asset_class": "Equity",
    "geographic_focus": "Pacific region excluding Japan (Australia, Hong Kong, Singapore, New Zealand)",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical full replication of the underlying MSCI Pacific ex Japan ESG index, holding all shares in the same proportions as the index. There is no mention of synthetic replication, swap agreements, or derivative instruments used as part of the core investment strategy. Derivatives may be used only exceptionally for risk reduction or cost management, not as an inherent element of the strategy, so derivatives are marked false. There is no leverage, inverse or amplified exposure language. The underlying assets are equities, liquid and transparent, with no complex structured products or contingent bonds. The risk profile is moderate (risk category 5 in KIID, 4 in PRIIPs KID), consistent with equity market volatility, not elevated by complexity. Costs are straightforward with a TER of 0.19%, no performance fees, no swap or derivative fees. The factsheet confirms physical replication and no securities lending. No capital protection or structured features are present. The PRIIPs KID indicates suitability for retail investors with basic financial understanding and no comprehension warnings. The index tracked is ESG-focused but does not add complexity from derivatives or structured products. Overall, the ETF is a standard physical replication equity ETF with ESG tilt, and does not meet MiFID II complexity criteria.",
    "risk_level_assessment": "The fund's risk profile is moderate (category 5 in KIID, 4 in PRIIPs KID), reflecting equity market volatility rather than complexity. The use of derivatives is limited to risk management and is not a core strategy element, so does not increase complexity. The fund is suitable for retail investors with basic financial understanding."
}