{
    "type": "ETF",
    "ucits": true,
    "fund_name": "WisdomTree Europe Defence UCITS ETF - EUR Acc",
    "investment_objective": "Track the price and yield performance of the WisdomTree Europe Defence UCITS Index, which tracks European defence sector companies.",
    "primary_asset_class": "Equity",
    "geographic_focus": "Europe (companies in countries signatory to the Treaty on the Non-Proliferation of Nuclear Weapons)",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF physically replicates the WisdomTree Europe Defence UCITS Index by holding all or a representative sample of the underlying equities. There is no mention of synthetic replication, swap agreements, or derivative instruments used for investment exposure. The fund may use repurchase/reverse repurchase agreements and stock lending solely for efficient portfolio management, which does not constitute inherent derivative exposure. The risk profile is moderate (5/7) reflecting equity market risks and sector concentration, but no leverage or inverse exposure is present. The fund is UCITS compliant, with a straightforward index-tracking objective investing directly in liquid, transparent securities. No capital protection or structured features are present. Costs are simple with a TER of 0.40%, no performance fees, and no swap fees. The PRIIPs KID does not include any comprehension warnings or complexity flags. The monthly factsheet confirms physical full replication and no use of swaps or derivatives for investment exposure. Therefore, under MiFID II, this ETF is classified as non-complex."
}