{
    "complex": false,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "ucits": true,
    "type": "ETF",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The UBS (Lux) Fund Solutions - MSCI Japan UCITS ETF primarily uses physical replication to track the MSCI Japan Index. While the KIID mentions the potential use of derivatives for efficiency or when direct replication is impractical, the factsheet clarifies that the fund employs full physical replication. The risk profile (category 6) is high due to equity market volatility rather than structural complexity. The fund does not employ leverage, inverse strategies, or synthetic replication as core components. The PRIIPs KID does not indicate any comprehension warnings, and the factsheet confirms UCITS compliance with straightforward risk disclosures. The absence of funded/unfunded swaps, leverage, or capital protection mechanisms further supports the non-complex classification.",
    "confidence": 95
}