{
    "fund_name": "UBS MSCI Pacific ex Japan UCITS ETF",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the MSCI Pacific ex Japan Index, with no mention of synthetic replication, swaps, or derivative instruments in the KIID or fact sheet. The fund's investment objective is straightforward, focusing on passive management through direct investments in index constituents. The risk profile is clearly stated as high (risk category 6), but this is typical for equity-based ETFs. There are no indications of leverage, inverse strategies, or complex structured products. The fund is UCITS-compliant, which inherently aligns with regulatory standards for transparency and investor protection. The fact sheet confirms physical replication, with no derivative usage beyond standard ETF practices. The absence of complexity factors like swaps, leverage, or contingent bonds supports the non-complex classification.",
    "confidence": 95
}