{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The WisdomTree US Equity Income UCITS ETF - GBP Hedged Acc is a UCITS-compliant ETF that physically replicates the WisdomTree US GBP Hedged Equity Income UCITS Index. The fund invests primarily in a representative sample of high dividend yielding US equities, selected and weighted based on a composite risk score (quality and momentum) and dividend yield. The ETF uses forward foreign exchange contracts solely for currency hedging purposes to neutralize USD/GBP exposure, which is a risk management use of derivatives rather than an inherent part of the investment strategy. There is no use of synthetic replication, total return swaps, or other derivative instruments for index replication. The fund does not employ leverage, inverse exposure, or capital protection mechanisms. The risk profile is medium-high (5/7) mainly due to equity market risk and currency hedging risk, not due to structural complexity. The fund's charges are straightforward with a TER of 0.35%, no performance fees, and no swap or derivative fees. The monthly factsheet confirms physical full replication and no synthetic or swap-based structures. There are no complex underlying assets such as contingent convertible bonds or CLOs. The PRIIPs KID does not include any comprehension warnings or complexity flags beyond normal equity and currency risks. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}