{
    "type": "ETF",
    "ucits": true,
    "fund_name": "UBS MSCI Pacific Socially Responsible UCITS ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The UBS MSCI Pacific Socially Responsible UCITS ETF is a UCITS-compliant ETF that physically replicates the MSCI Pacific SRI Low Carbon Select 5% Issuer Capped Index. The fund invests predominantly in shares and transferable securities, with no securities lending and no leverage. The KIID and PRIIPs KID indicate that derivatives may be used only to gain efficiencies or where direct replication is impracticable, but this is not an inherent element of the investment strategy, and derivative use is limited and risk-managed. The factsheet explicitly states the replication methodology as 'Physical (Full replicated)', confirming no synthetic replication or swap usage. There is no mention of funded or unfunded swaps, counterparty risk beyond normal market risk, or leverage. The risk profile is medium (4 out of 7 in PRIIPs KID, 6 out of 7 in KIID due to equity volatility), but this is typical for equity ETFs and does not imply complexity under MiFID II. Costs are straightforward with a TER of 0.28%, no performance fees, and no complex fee structures. The underlying assets are liquid equities with ESG criteria, no complex bonds or structured products. No capital protection or structured features are present. The PRIIPs KID states the product 'is not simple and may be difficult to understand' but this is a standard caution for ETFs tracking ESG indices and does not reflect structural complexity such as synthetic replication or leverage. Overall, the fund exhibits none of the key complexity indicators such as synthetic replication, leverage, contingent bonds, or capital protection mechanisms. Therefore, it is classified as non-complex under MiFID II."
}