{
    "name": "WisdomTree Europe SmallCap Dividend UCITS ETF",
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The WisdomTree Europe SmallCap Dividend UCITS ETF is classified as non-complex under MiFID II regulations. The primary reasons for this classification are: 1) The ETF uses physical replication to track its index, investing directly in the underlying securities rather than using derivatives or synthetic methods. 2) There is no leverage, inverse exposure, or use of complex financial instruments. 3) The investment strategy is straightforward, focusing on small-cap European dividend-paying companies selected based on a composite risk score and ESG criteria. 4) The risk profile, while rated at level 6, is primarily due to the nature of small-cap equities rather than complex structures. 5) The ETF is UCITS-compliant, which imposes strict regulatory standards for transparency and investor protection. 6) The KIID and factsheet do not indicate any use of swaps, derivatives beyond basic efficient portfolio management, or other complex financial instruments. The ETF's strategy and structure are transparent and understandable to retail investors, with clear disclosure of risks and costs.",
    "confidence": 95
}