{
    "type": "ETF",
    "ucits": true,
    "fund_name": "WisdomTree US Equity Income UCITS ETF",
    "investment_objective": "Track the price and yield performance of the WisdomTree US Equity Income UCITS Index, a rules-based, fundamentally weighted index of highest dividend yielding US companies filtered by quality and momentum composite risk score and ESG criteria.",
    "primary_asset_class": "Equity",
    "geographic_focus": "United States",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The WisdomTree US Equity Income UCITS ETF physically replicates the underlying index by holding a representative sample of the highest dividend yielding US equities that meet quality, momentum, liquidity, and ESG criteria. There is no mention of synthetic replication, swap agreements, total return swaps, or derivative instruments used to achieve the investment objective. The fund may engage in repurchase/reverse repurchase agreements and stock lending solely for efficient portfolio management, which is standard and does not imply complexity under MiFID II. The fund is UCITS compliant, with a straightforward index-tracking objective and invests directly in liquid, transparent equity securities. The risk profile is medium (4 out of 7), reflecting equity market risks rather than complexity. No leverage, inverse exposure, capital protection, or structured features are present. Costs are simple with a TER of 0.29%, 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 derivatives for investment exposure. Overall, the fund's structure and disclosures indicate a non-complex financial instrument under MiFID II."
}