{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist) Share Class",
    "investment_objective": "To replicate the return of the MSCI Pacific ex-Japan Index through capital growth and income by investing in equity securities of large and mid-cap companies in developed Pacific markets excluding Japan.",
    "primary_asset_class": "Equity",
    "geographic_focus": "Developed markets of the Pacific region excluding Japan",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication by directly holding the equity securities that make up the MSCI Pacific ex-Japan Index in similar proportions. There is no mention of synthetic replication, swap agreements, or total return swaps in the KIID, PRIIPs KID, or factsheet. The fund may use financial derivatives only for investment purposes but not as an inherent element of the strategy, and this is minimal and typical for risk management or efficient portfolio management, thus derivatives are marked false. There is no leverage, inverse or amplified exposure. The underlying assets are liquid equities from developed markets, with no complex structured products or contingent bonds. The risk indicator in the KIID is 6 (on a scale where 7 is highest), reflecting equity market risk rather than complexity from derivatives or leverage. The PRIIPs KID risk indicator is 4 out of 7, a medium risk level consistent with equity market exposure. Costs are straightforward with a TER of 0.60%, no performance fees, and no swap or derivative fees. Securities lending is used but revenue sharing does not increase costs. No capital protection or structured features are present. Counterparty risk is disclosed as a standard risk related to safekeeping and derivative counterparties but no significant counterparty exposure is indicated. There is no complexity warning or comprehension warning in the PRIIPs KID. The factsheet confirms physical replication and direct investment in equities, with no mention of swaps or synthetic structures. Overall, the ETF is a standard physical replication UCITS equity ETF with no inherent complexity factors under MiFID II definitions."
}