{
    "complex": false,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "ucits": true,
    "type": "ETF",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication for tracking the MSCI Japan SRI Filtered PAB Index, with direct investments in transferable securities representing the index constituents. While it may use derivatives for managing inflows/outflows and hedging, these are not core to the investment strategy. The fund has a straightforward equity exposure with no leverage, inverse strategies, or complex structured features. The risk profile is rated 3/7, indicating moderate risk, and the fund is UCITS-compliant, which typically aligns with non-complex classifications. The fact sheet confirms physical replication and minimal derivative usage beyond hedging, reinforcing the non-complex determination.",
    "confidence": 90
}