{
    "type": "ETF",
    "ucits": true,
    "fund_name": "WisdomTree Emerging Markets ex-State-Owned Enterprises UCITS ETF - USD Acc",
    "investment_objective": "Track the price and yield performance of the WisdomTree Emerging Markets ex-State-Owned Enterprises ESG Screened Index",
    "primary_asset_class": "Equity",
    "geographic_focus": "Emerging Markets (Brazil, Chile, China, Czech Republic, Hungary, India, Indonesia, Korea, Malaysia, Mexico, Philippines, Poland, Russia, South Africa, Taiwan, Thailand, Turkey)",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF physically replicates the WisdomTree Emerging Markets ex-State-Owned Enterprises ESG Screened Index by holding a representative sample of the underlying equity securities. There is no mention of synthetic replication, swap agreements, or derivative instruments used for investment exposure. The fund may use repurchase/reverse repurchase agreements and stock lending solely for efficient portfolio management, which does not constitute inherent derivative exposure. The risk profile is medium (4 out of 7) in the PRIIPs KID, reflecting typical equity market risks and emerging market risks, but no leverage or complex structured product exposure is indicated. The total expense ratio is 0.32%, with no performance fees or swap fees. The fund is UCITS compliant and physically backed, with no capital protection or structured features. Counterparty risk disclosures relate to operational and service provider risks, not derivative counterparty risk. 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. Overall, the fund exhibits a straightforward index-tracking strategy investing directly in liquid, transparent equity securities, with minimal derivative use limited to efficient portfolio management. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}