{
    "type": "ETF",
    "ucits": true,
    "fund_name": "WisdomTree Japan Equity UCITS ETF - CHF Hedged Acc",
    "investment_objective": "Track the price and yield performance of the WisdomTree Japan Dividend UCITS Index with currency hedging to neutralise JPY/CHF fluctuations",
    "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 CHF-Hedged Equity UCITS Index by investing directly in a representative sample of underlying Japanese dividend-paying equities. The fund uses forward currency contracts solely for hedging currency risk (JPY/CHF), not as an inherent part of the investment strategy, and these are standard FX forwards, not swaps or total return swaps. There is no leverage, inverse or amplified exposure. The fund is UCITS compliant and employs a straightforward, fundamentally weighted dividend index with annual rebalancing. Risk disclosures mention counterparty risk related to service providers but no significant derivative counterparty risk or complex structured products. The risk rating is moderate (4/7), consistent with a physical equity ETF with currency hedging. Costs are simple with a TER of 0.45%, no performance fees, and no swap fees. The PRIIPs KID does not include any comprehension warnings or complexity flags. The monthly factsheet confirms physical full replication and no synthetic or swap-based replication. The currency hedging is implemented via forward contracts rolled monthly, which is a common and non-complex hedging technique. No capital protection or structured features are present. Overall, the fund\u2019s structure and strategy are transparent and linear, with minimal derivative use for risk management only, leading to a non-complex classification under MiFID II."
}