{
    "type": "ETF",
    "ucits": true,
    "fund_name": "BNP Paribas Easy ESG Enhanced Japan UCITS ETF",
    "investment_objective": "Provide exposure to the Japanese equity market with ESG integration to improve ESG profile relative to MSCI Japan Net Total Return EUR Index",
    "primary_asset_class": "equity",
    "geographic_focus": "Japan",
    "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 focused on Japanese equities with an ESG enhanced strategy. The KIID and PRIIPs KID documents indicate the fund tracks the MSCI Japan Net Total Return EUR Index with active ESG integration, selecting securities from the index universe but deviating from the index to improve ESG scores. There is no mention of synthetic replication, swap agreements, total return swaps, or derivative instruments used for replication. The replication method is physical, investing directly in underlying securities. There is no leverage, inverse exposure, or capital protection features. The risk rating is 4 out of 7, consistent with equity market risk but not indicating complexity. Costs are straightforward with a TER of 0.20%, no performance fees, no swap or derivative fees, and no securities lending revenue arrangements. The PRIIPs KID confirms no derivative usage as an inherent strategy element, only physical holdings. No complexity flags such as contingent bonds, structured products, or capital protection mechanisms are present. The fund is suitable for retail investors without specific knowledge, further supporting non-complex classification. No references to roll costs, contango, or backwardation effects are found. Overall, the fund exhibits a clear, linear relationship to the underlying Japanese equity market with ESG enhancements, making it non-complex under MiFID II."
}