{
    "complex": false,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "ucits": true,
    "type": "ETF",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The UBS MSCI Pacific ex Japan IMI Socially Responsible UCITS ETF is classified as non-complex under MiFID II. The fund uses physical replication to track the MSCI Pacific ex Japan IMI Extended SRI Low Carbon Select 5% Issuer Capped Index, investing directly in the underlying securities. While the KIID mentions the potential use of derivatives for risk reduction, cost reduction, or generating additional capital/income, there is no evidence of synthetic replication, leverage, or inverse strategies. The fund's risk profile (category 6) is primarily due to equity market volatility, not derivative-related risks. The fact sheet confirms physical replication, and the index is composed of liquid, transparent equities. No complex underlying assets (e.g., contingent bonds, CLOs) are mentioned. The fund is UCITS-compliant, further supporting its non-complex classification.",
    "confidence": 95
}