{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "replication_method": "physical",
        "derivatives": false,
        "swaps": false,
        "leverage": false,
        "inverse": false,
        "complex_factors": [],
        "classification": "non-complex",
        "supporting_data": "The Fidelity Japan Equity Research Enhanced UCITS ETF is presumed non-complex as it is a UCITS ETF and uses physical replication to track the MSCI Japan (Net Total Return) Index. The KIID states that the fund may use derivatives for efficient portfolio management and currency hedging, which aligns with the non-complex usage of derivatives. The objective of long-term capital growth from Japanese equities is straightforward. The risk category of 6 (out of 7) indicates market volatility, not structural complexity. The ongoing charges are 0.25%, which is standard. There is no mention of embedded derivatives, leverage beyond UCITS limits, or complex underlying assets. The index itself is a standard equity index. The structure, risks, and payoff are generally understandable by a retail investor with basic financial knowledge. Therefore, it does not trigger a comprehension alert."
    }
}