{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": true,
        "swaps": true,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": [
            "Currency hedging using forward exchange contracts",
            "Index construction based on composite risk score (CRS) screening",
            "Selection based on earnings growth, ROE, and ROA",
            "Weighted by aggregate cash dividends (Dividend Stream)"
        ],
        "classification": "complex",
        "supporting_data": "This UCITS ETF aims to track the WisdomTree Global Quality Dividend Growth Index, which is fundamentally weighted based on a composite risk score comprised of quality and momentum factors.  The ETF uses a representative sampling approach for physical replication but also uses currency hedging via forward exchange contracts to neutralize GBP fluctuations. While the ETF itself does not employ leverage and operates within UCITS guidelines, the use of currency hedging and the complex, fundamentally-weighted index may make the structure and risks less readily understandable for an average retail investor. The selection process includes screening companies based on a combination of medium-term estimated earnings growth, historical three-year average return on equity, and historical three-year average return on assets. Companies are then weighted annually to reflect their proportionate share of the Dividend Stream, thus the end investor may not easily understand the risk involved in the underlying asset.",
        "complex": true,
        "non-complex": false
    }
}