{
    "type": "ETF",
    "ucits": true,
    "fund_name": "WisdomTree Japan Equity UCITS ETF - USD Hedged",
    "investment_objective": "Track the price and yield performance of the WisdomTree Japan Hedged Equity UCITS Index, a fundamentally weighted dividend-paying Japanese equity index, while hedging currency exposure between JPY and USD.",
    "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 physically replicates the WisdomTree Japan Hedged Equity UCITS Index by holding a representative sample of the underlying dividend-paying Japanese equities. The fund uses forward foreign exchange contracts solely for currency hedging purposes to neutralize JPY/USD exposure, not as an inherent part of the investment strategy, thus derivatives usage is for risk management only and does not trigger complexity. There is no mention of synthetic replication, swap agreements, total return swaps, or counterparty exposure related to derivatives. The fund is UCITS compliant and employs a straightforward passive management approach. Leverage or inverse exposure is not present. The risk profile is medium (4 out of 7) per PRIIPs KID, reflecting equity market risks and currency hedging risks, but no complexity flags such as capital protection, structured features, or complex underlying assets are identified. Costs are simple with a TER of 0.48%, no performance fees, and no swap fees. The PRIIPs KID does not include any comprehension warnings or complexity disclaimers. The monthly factsheet confirms physical replication and no use of swaps for synthetic exposure. Overall, the fund\u2019s structure and strategy align with a non-complex classification under MiFID II."
}