{
    "fund_name": "AMUNDI INDEX MSCI JAPAN SRI PAB - UCITS ETF DR - HEDGED GBP",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "Complex index tracking (MSCI Japan SRI Filtered PAB Index with EU PAB alignment)",
        "Potential for derivative usage for hedging/inflows/outflows (though not primary strategy)",
        "Currency hedging risk"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication as its primary method (direct investment in index constituents) and does not employ leverage, inverse strategies, or swaps as part of its core investment strategy. While derivatives may be used for hedging inflows/outflows or managing costs, this is not the primary replication method. The index tracked (MSCI Japan SRI Filtered PAB) is complex due to its ESG screening and EU PAB alignment, but the ETF itself does not exhibit structural complexity beyond standard ETF features. The risk profile is straightforward (equity market risk), and the fund is UCITS-compliant, indicating suitability for retail investors. The fact sheet confirms physical replication and minimal derivative usage, reinforcing the non-complex classification.",
    "confidence": 85
}