{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The iShares MSCI Japan EUR Hedged UCITS ETF aims to track the MSCI Japan 100% Hedged to EUR Index, which is an equity index of large and mid-cap Japanese companies. The Fund uses physical replication methods, investing directly in equity securities that make up the index or similar securities, and uses FX forward contracts solely for currency hedging purposes. There is no indication of synthetic replication, swap agreements, or total return swaps. The Fund does not employ leverage or inverse strategies, nor does it invest in complex underlying assets such as contingent convertible bonds or structured products. The risk profile is medium (4 out of 7 in PRIIPs KID, 6 in KIID but driven by equity market risk and counterparty risk related to custody and FX hedging, not derivative complexity). Costs are straightforward with a TER of 0.64%, no performance fees, and no swap or derivative fees. The monthly factsheet confirms physical replication and no use of swaps or leverage. The FX hedging is done via forward contracts, which are used for risk management rather than as an inherent element of the investment strategy, so derivatives are marked false. No complexity flags such as capital protection, structured features, or complex indices are present. Therefore, under MiFID II, this ETF is classified as non-complex."
}