{
    "fund_name": "WisdomTree Japan Equity UCITS ETF - EUR Hedged Acc",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": true,
    "swaps": true,
    "inverse": false,
    "complex_factors": [
        "Currency hedging using forward contracts",
        "Complex index methodology (dividend-weighted with quality/momentum screening)",
        "Potential tracking error due to physical replication limitations"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication for the underlying equity exposure and employs forward currency contracts for hedging purposes. While derivatives are used, they are for efficient portfolio management (currency hedging) rather than as an inherent part of the investment strategy. The index methodology is complex (dividend-weighted with quality/momentum screening), but this does not automatically trigger a 'complex' classification under MiFID II. The fund is UCITS-compliant and has a straightforward risk profile with no leverage or inverse exposure. The primary complexity factor is the currency hedging mechanism, but this is a common practice in many ETFs and does not typically render the product complex under MiFID II standards.",
    "confidence": 85
}