{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Xtrackers MSCI Japan UCITS ETF 2D - USD Hedged",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF aims to replicate the MSCI Total Return Net Japan Index primarily through physical replication by buying all or a substantial number of the underlying securities, as confirmed in the KIID and factsheet. The fund uses derivatives only for currency hedging purposes to reduce foreign exchange risk between the fund's JPY assets and the USD share class currency, not as an inherent part of the investment strategy. There is no mention of synthetic replication, swap agreements, total return swaps, or counterparty exposure related to derivatives. Leverage or inverse exposure is not present. The underlying assets are large and mid-cap Japanese equities, which are liquid and transparent. The fund is UCITS compliant. Risk profile is medium-high (category 5 out of 7), reflecting market and currency risks, but not complexity from derivatives or leverage. Costs are straightforward with no performance fees or complex fee structures. Securities lending is minimal and disclosed. No capital protection or structured features are present. The PRIIPs KID does not carry any comprehension warnings or complexity flags beyond normal market and currency risks. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}