{
    "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 Equity UCITS ETF - USD Hedged Acc is a UCITS-compliant ETF that physically replicates the WisdomTree Europe Hedged Equity UCITS Index using a representative sampling approach. The fund invests directly in equities of dividend-paying Eurozone companies with a global revenue tilt and applies a currency hedging overlay via forward foreign exchange contracts to neutralize Euro/USD currency risk. The KIID and PRIIPs KID confirm the use of physical replication and forward currency contracts solely for hedging purposes, not as an inherent part of the investment strategy. There is no mention of synthetic replication, swap agreements, total return swaps, or derivative instruments used for return generation. The fund does not employ leverage, inverse exposure, or capital protection mechanisms. The risk profile is moderate (4 out of 7), consistent with equity market exposure and currency hedging risks, without complex derivative or counterparty risk disclosures beyond normal market risks. Costs are straightforward with a TER of 0.58%, no performance fees, and no swap or derivative fees. The monthly factsheet explicitly states the replication method as physical (fully replicated) and confirms no use of swaps or complex derivatives. The currency hedging is implemented via forward contracts, which are standard and used solely for risk management, thus not triggering the 'derivatives' flag under MiFID II complexity rules. No complex underlying assets such as contingent convertible bonds or CLOs are held. The index methodology is transparent and rule-based, with no complex structured indices or contingent return formulas. Therefore, the ETF does not meet the MiFID II criteria for classification as a complex financial instrument."
}