{
    "type": "ETF",
    "ucits": true,
    "fund_name": "UBS MSCI Japan Socially Responsible UCITS ETF",
    "investment_objective": "Passive replication of MSCI Japan SRI Low Carbon Select 5% Issuer Capped Index (Net Return) with ESG best-in-class approach",
    "primary_asset_class": "Equity",
    "geographic_focus": "Japan",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The fund uses physical full replication of a liquid equity index focused on Japanese large and mid cap stocks with ESG criteria. The KIID and factsheet explicitly state physical replication and no securities lending. The fund may use derivatives only for efficiency or where direct replication is impracticable, but this is not an inherent element of the strategy and no swap agreements or synthetic replication are mentioned. There is no leverage, inverse or amplified exposure. The risk profile is medium (4-6 range in KIID and PRIIPs), consistent with equity volatility but no complexity flags such as capital protection or structured features are present. Costs are straightforward with a low TER of 0.19% and no performance fees or swap fees. The underlying assets are liquid equities, no complex bonds or contingent convertible bonds are held. The PRIIPs KID does not include any comprehension warnings or complexity disclaimers. The factsheet confirms physical replication and no synthetic or swap usage. Overall, the fund exhibits a clear, linear relationship to the underlying index performance and is UCITS compliant. Therefore, it is classified as non-complex under MiFID II criteria."
}