{
    "fund_name": "WisdomTree US Equity Income UCITS ETF - Acc",
    "type": "ETF",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "ucits": true,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the WisdomTree US Equity Income UCITS Index, which consists of high-dividend-yielding US companies screened for quality, momentum, and ESG criteria. The KIID and factsheet confirm that the fund employs a passive management approach with a representative sample of the index components. There is no mention of synthetic replication, leverage, inverse strategies, or significant derivative usage beyond standard efficient portfolio management (e.g., repurchase agreements and stock lending). The risk profile (SRRI 6) is primarily due to equity market risks rather than structural complexity. The fund is UCITS-compliant, which generally aligns with non-complex classifications under MiFID II.",
    "confidence": 95,
    "counter_argument_consideration": "While the SRRI is relatively high (6), this is attributed to the inherent risks of equity investments rather than structural complexity. The use of repurchase agreements and stock lending for efficient portfolio management does not introduce material complexity, as these are standard practices in physically replicated ETFs. The absence of leverage, inverse strategies, or synthetic replication further supports the non-complex classification."
}