{
    "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 ETF is classified as non-complex under MiFID II based on the following analysis: 1. Replication Method: The fund uses physical replication (full or optimized replication of the MSCI Pacific ex Japan ESG Filtered Min TE Index) with a maximum tracking error of 1%. There is no mention of synthetic replication, swaps, or derivative instruments. 2. Leverage and Amplification: No leverage, inverse exposure, or amplified returns are mentioned. 3. Underlying Asset Complexity: The underlying assets are equities of companies in the Asia-Pacific region (excluding Japan), selected based on ESG criteria. There is no exposure to complex structured products, illiquid securities, or other funds using derivatives extensively. 4. Capital Protection and Structured Features: No capital guarantee mechanisms, principal protection features, or structured return formulas are mentioned. 5. Risk Profile: The fund is classified in risk category 4 out of 7, which is considered moderate. The risks are primarily related to equity market fluctuations and are typical for equity investments. 6. Key Risk Disclosures: The risks are clearly explained and do not indicate complexity. There are no warnings about suitability for retail investors or extensive counterparty risk explanations. 7. Costs and Charges: The fee structure is straightforward, with no mention of swap fees, derivative costs, or performance-related fees. 8. UCITS Compliance: The fund is UCITS-compliant, which typically indicates a lower level of complexity. 9. Additional Information: The PRIIPs KID and factsheet confirm the physical replication method and the absence of derivatives or complex strategies. The index tracked is a standard equity index with ESG filters, which does not introduce additional complexity.",
    "confidence": 95
}