{
    "type": "ETF",
    "ucits": true,
    "fund_name": "WisdomTree Recycling Decarbonisation UCITS ETF - USD Acc",
    "investment_objective": "Track the price and yield performance of the Tortoise Recycling Decarbonization UCITS Index Net Total Return Index, focusing on companies involved in recycling, waste management, carbon capture, and renewable fuels production.",
    "primary_asset_class": "Equity",
    "geographic_focus": "Global, with top country exposures to United States, Brazil, Canada, Belgium, Switzerland, UK, Japan, Finland, Thailand, Turkey",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical, fully replicated exposure to the underlying index, investing directly in equities of companies involved in recycling and decarbonisation sectors. There is no mention of synthetic replication, swap agreements, or derivative instruments used for investment purposes. The fund may use repurchase/reverse repurchase agreements and stock lending solely for efficient portfolio management, which does not constitute inherent derivative use. The risk profile is medium (4 out of 7), consistent with equity market risk, with no leverage or inverse exposure. The fund is UCITS compliant, with a straightforward index-tracking objective and direct investment in liquid, transparent securities. No capital protection or structured features are present. Costs are simple, with a TER of 0.45% and no performance fees or swap fees. The PRIIPs KID does not include any comprehension warnings or complexity flags. The monthly factsheet confirms physical replication and no use of swaps or leverage. Overall, the fund\u2019s structure and investment approach align with a non-complex classification under MiFID II."
}