{
    "fund_name": "Vanguard FTSE Japan UCITS ETF (USD) Distributing",
    "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 FTSE Japan Index, with a sampling approach where full replication is not practicable. It does not employ leverage, inverse strategies, or synthetic replication via swaps. While the KIID mentions the potential use of derivatives for risk reduction or cost management, the fact sheet confirms the investment method is physical. The risk profile is rated 6/7, primarily due to equity market risks and currency exposure, but these are standard for equity ETFs. There are no indications of complex underlying assets, capital protection features, or structured products. The fund's transparency, liquidity, and straightforward tracking strategy align with non-complex classification under MiFID II.",
    "confidence": 95
}