{
    "complex": false,
    "classification": "non-complex",
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "supporting_data": "The Vanguard FTSE Japan UCITS ETF is a physically replicated ETF that tracks the FTSE Japan Index. It primarily uses direct investment in underlying securities and employs sampling only when full replication is impracticable. While the KIID mentions the use of derivatives, it specifies that these are used to reduce risk or cost and/or generate extra income or growth, not as a core part of the investment strategy. The ETF does not employ leverage, inverse strategies, or synthetic replication. The risk profile is rated 6, but this is due to the nature of its equity investments rather than structural complexity. The ETF is UCITS-compliant, which imposes additional investor protection requirements. The factsheet and PRIIPs documents do not indicate any additional complexity factors such as capital protection mechanisms, structured features, or illiquid underlying assets. The derivative usage is limited to efficient portfolio management (EPM) and does not introduce significant additional risk or require specialist knowledge to understand.",
    "confidence": 95
}