{
    "type": "ETF",
    "ucits": true,
    "fund_name": "WisdomTree New Economy Real Estate UCITS ETF - USD",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The WisdomTree New Economy Real Estate UCITS ETF seeks to track the CenterSquare New Economy Real Estate UCITS Index, focusing on global real estate companies with exposure to technology, science, and e-commerce sectors. The fund uses a physical, fully replicated replication method as confirmed by the factsheet, investing directly in underlying equity securities. There is no mention of synthetic replication, swap agreements, total return swaps, or derivative instruments used for investment purposes, only limited use of repurchase/reverse repurchase agreements and stock lending for efficient portfolio management, which does not constitute inherent derivative exposure. The fund does not employ leverage or inverse strategies, and the risk profile is moderate (4 out of 7), consistent with a straightforward equity ETF. The underlying assets are equities of listed real estate companies and REITs, with no complex structured products or contingent bonds. The fund is UCITS compliant, with a TER of 0.45%, no performance fees, and no complex fee structures. The PRIIPs KID does not include any comprehension warnings or complexity flags. The index methodology involves a technology score and ESG criteria but does not imply complexity in the replication or product structure. Overall, the ETF exhibits characteristics of a non-complex product under MiFID II rules."
}