{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "derivatives": false,
    "swaps": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [
        "Currency hedging using derivatives",
        "ESG screening complexity",
        "Potential for tracking error"
    ],
    "classification": "non-complex",
    "supporting_data": "The Xtrackers MSCI Japan Screened UCITS ETF uses physical replication (as confirmed in the factsheet) and does not employ leverage, inverse strategies, or complex derivatives beyond currency hedging. The fund's primary complexity factors are its ESG screening methodology and potential tracking error, but these do not meet MiFID II's criteria for complexity. The currency hedging is a standard practice for international ETFs and does not introduce significant additional risk. The fund is UCITS-compliant, further supporting its non-complex classification.",
    "confidence": 90
}