{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The WisdomTree Japan Equity UCITS ETF - GBP Hedged is a UCITS-compliant ETF that physically replicates the WisdomTree Japan GBP-Hedged Equity UCITS Index. The fund invests directly in a representative sample of dividend-paying Japanese equities, selected and weighted based on a composite risk score and dividend stream, with no use of synthetic replication or swap agreements. Currency hedging is achieved through forward foreign exchange contracts, which are standard and used solely for hedging currency risk rather than as an inherent part of the investment strategy, thus not constituting derivative exposure for complexity purposes. There is no leverage, inverse exposure, or capital protection features. The risk profile is medium-high (5/7) mainly due to equity market risk and currency risk, not due to structural complexity. The fund does not invest in complex underlying assets such as contingent convertible bonds or CLOs, nor does it employ structured or contingent return formulas. Costs are straightforward with a TER of 0.45%, no performance fees, and no swap fees. The PRIIPs KID and monthly factsheet confirm physical replication and absence of synthetic structures or swaps. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}