{
    "fund_name": "WisdomTree Japan Equity UCITS ETF - USD Acc",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "Complex index methodology (CRS screening)",
        "Potential for tracking error due to representative sampling",
        "Currency hedging via forward contracts (though not necessarily complex)"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the WisdomTree Japan Dividend UCITS Index, which is a fundamentally weighted index of dividend-paying Japanese companies. While the index methodology includes a composite risk score (CRS) and ESG screening, these factors do not inherently make the ETF complex. The ETF does not use swaps, leverage, or inverse strategies. The only potential complexity arises from the index's methodology, which is transparent and disclosed in the KIID. The ETF is UCITS-compliant and has a straightforward risk profile (SRRI 6). The fact sheet confirms physical replication and no swap usage, further supporting the non-complex classification.",
    "confidence": 90
}