{
    "type": "ETF",
    "ucits": true,
    "fund_name": "WisdomTree UK Quality Dividend Growth UCITS ETF - GBP",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The WisdomTree UK Quality Dividend Growth UCITS ETF seeks to track the WisdomTree UK Quality Dividend Growth Index, which is a fundamentally weighted, dividend-weighted equity index focused on high quality UK companies. The fund employs a passive management approach and uses physical replication, investing directly in a representative sample of the underlying securities. There is no mention of synthetic replication, swap agreements, total return swaps, or derivative instruments as part of the investment strategy. The fund may use repurchase/reverse repurchase agreements and stock lending solely for efficient portfolio management, which is common and does not imply complexity under MiFID II. The fund is UCITS compliant, with a total expense ratio of 0.29%, no performance fees, and no leverage or inverse exposure. The risk profile is moderate (4 out of 7), consistent with a straightforward equity ETF. The underlying assets are liquid UK equities, with no complex structured products or contingent bonds. The PRIIPs KID confirms no complexity warnings or comprehension warnings. The monthly factsheet explicitly states the replication method as physical (fully replicated), confirming no synthetic or swap-based replication. There are no capital protection or structured features. Costs are simple and transparent, with no swap fees or derivative costs. Overall, the fund exhibits none of the complexity indicators such as synthetic replication, leverage, complex underlying assets, or capital protection mechanisms. Therefore, under MiFID II, this ETF is classified as non-complex."
}