{
    "type": "ETF",
    "ucits": true,
    "fund_name": "UBS MSCI EMU Climate Paris Aligned UCITS ETF",
    "investment_objective": "Passive replication of MSCI EMU Climate Paris Aligned Index (Net Return), an equity index focused on large and mid-cap stocks in EMU developed markets with climate transition considerations.",
    "primary_asset_class": "Equity",
    "geographic_focus": "Developed market countries of the EMU (European Monetary Union)",
    "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 EMU Climate Paris Aligned Index, holding the majority of the securities in the index with approximate weightings mirroring the index. The KIID and PRIIPs KID explicitly state that derivatives may be used only for risk reduction or cost efficiency, not as an inherent part of the investment strategy, and no swap agreements or synthetic replication are mentioned. The factsheet confirms physical replication and no securities lending. There is no leverage, inverse or amplified exposure. The risk profile is moderate (risk category 5 in KIID, 4 in PRIIPs KID), consistent with equity market volatility, with no complex capital protection or structured features. Costs are straightforward with a low TER of 0.14% and no performance fees. No significant counterparty risk or complex underlying assets such as contingent convertible bonds or CLOs are held. The index tracked is a climate-aligned equity index with 135 constituents, which is transparent and liquid. No complexity flags such as synthetic replication, leverage, capital protection, or complex derivatives usage are present. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}