{
    "fund_name": "iShares MSCI Japan UCITS ETF",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the MSCI Japan Index, investing directly in the underlying equity securities. While it mentions the potential use of financial derivative instruments (FDIs) for direct investment purposes, there is no indication of synthetic replication, leverage, or inverse strategies. The risk profile is rated 6 (medium risk), but this is typical for equity ETFs and does not indicate complexity. The fund also engages in short-term secured lending of its investments, but this is a common practice among ETFs and does not contribute to complexity. The PRIIPs KID and factsheet confirm the physical replication method and the absence of complex structures or strategies. The ETF is UCITS-compliant, which further supports its non-complex classification.",
    "confidence": 95
}