{
    "type": "ETF",
    "ucits": true,
    "fund_name": "JPM Carbon Transition Global Equity (CTB) UCITS ETF - USD (acc)",
    "investment_objective": "To track the performance of the JPMorgan Asset Management Carbon Transition Global Equity Index, which targets companies best positioned to benefit from a transition to a low carbon economy by managing emissions, resources, and climate-related risks.",
    "primary_asset_class": "Equity",
    "geographic_focus": "Global developed markets",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF pursues a passive index-tracking strategy using physical replication by holding all or substantially all of the index securities in similar proportions. There is no mention of synthetic replication, swap agreements, or total return swaps. The fund may use financial derivatives only for efficient portfolio management purposes, which does not constitute inherent derivative exposure. There is no leverage or inverse exposure. The underlying assets are large and mid-cap equities from developed markets, which are liquid and transparent. The risk profile is moderate (risk level 4-6 in KIID, 4 in PRIIPs KID), consistent with equity market volatility but not indicative of complexity. Costs are straightforward with a single ongoing charge of 0.19%, no performance fees, and no swap or derivative fees. The PRIIPs KID does not include any comprehension warnings or complexity flags. The factsheet confirms physical replication and no securities lending or complex structured products. The index tracked is a rules-based ESG index derived from MSCI World components, with no complex contingent bonds or structured features. No capital protection or structured return features are present. Overall, the ETF exhibits a clear, linear relationship to the underlying index performance with minimal derivative use limited to risk management, and no leverage or synthetic structures, leading to a non-complex classification under MiFID II."
}