{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivatives": true,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": [
            "Revenue Exposure calculation",
            "Composite Risk Score (CRS)",
            "Forward foreign exchange contracts for hedging",
            "Securities lending arrangements"
        ],
        "classification": "complex",
        "supporting_data": "The ETF is UCITS compliant, indicating a level of regulation. It uses a rule-based, fundamentally weighted index composed of dividend-paying Japanese companies, selected based on revenue exposure and a composite risk score. Currency fluctuations are neutralized using forward foreign exchange contracts, and the fund may engage in securities lending. While the replication method is primarily physical (representative sampling), the use of complex filters based on revenue exposure, risk scores and ESG criteria plus foreign exchange contracts means a retail client may not easily understand how all these features affect the performance and risk elements."
    }
}