{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The WisdomTree Europe SmallCap Dividend UCITS ETF Acc is a UCITS-compliant ETF that physically replicates the WisdomTree Europe SmallCap Dividend UCITS Index Euro. The fund invests directly in a representative sample of small-cap dividend-paying European equities, selected and weighted based on dividends and a composite risk score (quality and momentum). There is no mention of synthetic replication, swap agreements, total return swaps, or derivative instruments as part of the investment strategy. The fund does not employ leverage, inverse exposure, or capital protection mechanisms. The risk profile is moderate (4 out of 7), consistent with direct equity exposure without embedded complexity. The fund may use repurchase/reverse repurchase agreements and securities lending solely for efficient portfolio management, which is standard and does not imply inherent derivative use for investment purposes. Costs are straightforward with a TER of 0.38%, 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 leverage. The underlying assets are liquid equities, and the index methodology is transparent and rule-based without complex structured products. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}