{
    "type": "ETF",
    "ucits": true,
    "fund_name": "JPM Global Research Enhanced Index Equity SRI Paris Aligned UCITS ETF - USD (dist)",
    "investment_objective": "Achieve long-term return in excess of MSCI World SRI EU PAB Overlay ESG Custom Index by actively investing in a portfolio of global equity securities aligned with Paris Agreement objectives.",
    "primary_asset_class": "Equity",
    "geographic_focus": "Global, including developed and emerging markets",
    "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 that pursues an actively managed strategy aiming to outperform a custom MSCI World SRI Paris Aligned Benchmark. The KIID and PRIIPs KID explicitly state that the fund may use financial derivative instruments only for efficient portfolio management purposes, not as an inherent part of the investment strategy, implying derivatives usage is limited and risk management oriented. There is no mention of synthetic replication, swap agreements, total return swaps, or counterparty risk exposure. The replication method is physical, investing directly in underlying equity securities globally, including emerging markets. There is no leverage, inverse or amplified exposure language. The risk profile is medium (4 out of 7 in PRIIPs KID, 6 in KIID based on volatility), consistent with equity market risk but not indicative of complexity. Costs are straightforward with a single ongoing charge of 0.25%, no performance fees, and no swap or derivative fees. The benchmark is a custom ESG index but does not involve complex structured products or contingent bonds. The factsheet confirms no use of swaps or synthetic replication. No capital protection or structured features are present. The PRIIPs KID does not carry a comprehension warning. Overall, the fund\u2019s structure, replication, and risk disclosures align with a non-complex classification under MiFID II."
}