{
    "type": "ETF",
    "ucits": true,
    "fund_name": "WisdomTree Europe Equity UCITS ETF - GBP Hedged",
    "investment_objective": "Track the price and yield performance of the WisdomTree Europe GBP-Hedged Equity UCITS Index, a fundamentally weighted dividend-paying Eurozone equity index with currency hedging to neutralise Euro/Sterling fluctuations.",
    "primary_asset_class": "Equity",
    "geographic_focus": "Eurozone equities with global revenue exposure (companies deriving 50%+ revenue outside Europe)",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF physically replicates the underlying index by holding a representative sample of the equity securities in the WisdomTree Europe GBP-Hedged Equity UCITS Index. The index is fundamentally weighted and dividend weighted, focusing on Eurozone companies with significant global revenue exposure. The Fund uses forward foreign exchange contracts solely for currency hedging purposes to neutralise Euro/Sterling currency risk, not as an inherent part of the investment strategy, and these are standard FX forwards, not swaps or total return swaps. There is no use of synthetic replication, no funded or unfunded swap structures, and no mention of counterparty risk beyond normal FX forward counterparty risk. The Fund does not employ leverage, inverse or amplified exposure. The risk profile is medium (4 out of 7), consistent with a straightforward equity ETF with currency hedging. The Fund is UCITS compliant and physically backed. Costs are simple with a TER of 0.35%, no performance fees, and no swap fees. The PRIIPs KID and monthly factsheet confirm physical replication and no complex derivative usage. There are no capital protection or structured product features. The complexity is low, with no complex underlying assets such as contingent convertible bonds or CLOs. The currency hedging via FX forwards is a standard risk management tool and does not trigger complexity classification. The Fund\u2019s risk disclosures and KIID do not indicate significant counterparty risk or derivative-related complexity. Therefore, under MiFID II, this ETF is classified as non-complex."
}