{
    "type": "ETF",
    "ucits": true,
    "fund_name": "UBS (Lux) Fund Solutions - MSCI Japan Socially Responsible UCITS ETF hCHF dis",
    "investment_objective": "Passive replication of MSCI Japan SRI Low Carbon Select 5% Issuer Capped 100% hedged to CHF Total Return Net Index",
    "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 ETF is a UCITS-compliant equity ETF investing primarily in Japanese large and mid-cap stocks included in the MSCI Japan SRI Low Carbon Select 5% Issuer Capped 100% hedged to CHF Total Return Net Index. The replication method is physical full replication as confirmed by the factsheet. The KIID and PRIIPs KID documents mention that derivatives may be used only for efficient portfolio management or where direct replication is not practicable, but no synthetic replication or swap agreements are referenced. There is no leverage, inverse or amplified exposure. The risk rating is medium (4 out of 7 in PRIIPs KID, 6 out of 7 in KIID, reflecting equity market volatility rather than complexity). No capital protection or structured features are present. Costs are straightforward with a TER of 0.22% and no performance fees. The fund does not engage in securities lending. The underlying assets are liquid equities with no complex bonds or contingent convertible bonds. Counterparty risk disclosures relate only to limited derivative use for hedging or efficiency, not inherent to the strategy. The PRIIPs KID does not carry a comprehension warning. The factsheet confirms no use of swaps or synthetic replication. Overall, the ETF exhibits a clear, linear exposure to a transparent equity index with physical replication and minimal derivative use, thus it is classified as non-complex under MiFID II."
}