{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The WisdomTree Battery Solutions UCITS ETF is a UCITS-compliant equity ETF that physically replicates the WisdomTree Battery Solutions Index by holding a representative sample of underlying equity securities involved in battery and energy storage solutions. The KIID, PRIIPs KID, and monthly factsheet consistently confirm physical, fully replicated exposure with no mention of synthetic replication, swap agreements, or derivative instruments used for investment purposes. The Fund does use repurchase/reverse repurchase agreements and stock lending solely for efficient portfolio management, which is standard and does not imply inherent derivative exposure for investment strategy. There is no leverage, inverse or amplified exposure, and the risk profile is moderate (risk level 4 out of 7). The underlying assets are equities, liquid and transparent, with no complex structured products or contingent capital instruments. No capital protection or structured features are present. Costs are straightforward with a TER of 0.40%, no performance fees, and no swap or derivative fees. The PRIIPs KID does not include any comprehension warnings or complexity flags. The Fund\u2019s risk disclosures mention counterparty risk related to service providers but not significant counterparty risk from derivatives. Overall, the ETF exhibits a clear, linear relationship to the underlying index performance, physical replication, and straightforward equity exposure, leading to a non-complex classification under MiFID II."
}