{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares MSCI Japan UCITS ETF",
    "investment_objective": "To track the return of the MSCI Japan Index through capital growth and income",
    "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 aims to replicate the MSCI Japan Index by physically holding the equity securities in similar proportions to the index. There is no mention of synthetic replication, swap agreements, or total return swaps. The fund may use financial derivatives only for investment purposes, but this is not an inherent part of the strategy and derivative use is minimal and for risk management. The fund does not employ leverage or inverse strategies. The risk indicator is medium (4 out of 7) in the PRIIPs KID, reflecting typical equity market risk rather than complexity. The fund invests directly in liquid, large and mid-cap Japanese equities, with no complex underlying assets such as contingent convertible bonds or CLOs. Costs are straightforward with a low ongoing charge of 0.12%, no performance fees, and no complex fee structures. Securities lending is used but revenue sharing does not increase costs. The monthly factsheet confirms physical replication and no use of swaps or synthetic structures. There are no capital protection or structured features. Counterparty risk is limited to normal custodial and operational risks. No complexity warnings or comprehension warnings appear in the PRIIPs KID. Overall, the fund exhibits a clear, linear relationship to the underlying index performance and is suitable for retail investors without requiring specific investment knowledge beyond typical equity investing."
}