{
    "fund_name": "Vanguard FTSE Japan UCITS ETF (EUR Hedged Accumulating)",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "Currency hedging",
        "Index sampling",
        "Short-term secured lending"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication with sampling where full replication is not practicable. It employs derivatives for currency hedging and risk management, but these are standard practices in UCITS-compliant ETFs. The fund's primary risk factors (equity market risk, currency risk) are transparent and easily understood by retail investors. There is no leverage, inverse exposure, or complex structured products. The use of derivatives is limited to efficient portfolio management and hedging, not for speculative purposes. The fund's risk profile (SRRI 6) is consistent with its equity-focused investment strategy.",
    "confidence": 95
}