{
    "type": "ETF",
    "ucits": true,
    "fund_name": "UBS MSCI Europe Climate Paris Aligned UCITS ETF",
    "investment_objective": "Passive replication of the MSCI Europe Climate Paris Aligned Index (Net Return), an equity index focused on large and mid-cap stocks in developed European markets aligned with Paris Agreement climate goals.",
    "primary_asset_class": "Equity",
    "geographic_focus": "Developed European markets",
    "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 MSCI Europe Climate Paris Aligned Index, holding the majority of the underlying securities in similar weightings. There is no mention of synthetic replication, swap agreements, or derivative instruments used as part of the investment strategy, only limited use of derivatives for risk reduction or cost efficiency, which does not constitute inherent derivative exposure. The fund is UCITS compliant, with a low ongoing charge (0.15%) and no performance fees. The risk profile is medium (4 out of 7 in PRIIPs KID, 6 out of 7 in KIID based on volatility), reflecting equity market risk rather than complexity. No leverage, inverse or capital protection features are present. The underlying assets are liquid large and mid-cap equities, with no complex structured products or contingent bonds. The PRIIPs KID does not include any comprehension warnings or complexity flags. The factsheet confirms physical replication and no use of swaps or synthetic structures. Overall, the fund exhibits a straightforward, transparent, and linear exposure to a climate-aligned equity index, with minimal derivative use for hedging rather than strategy, and no leverage or complex features, leading to a non-complex classification under MiFID II."
}