{
    "type": "ETC",
    "ucits": true,
    "leverage": false,
    "derivatives": true,
    "swaps": false,
    "inverse": false,
    "replication_method": "synthetic",
    "complex_factors": [
        "Commodity Futures",
        "Rolling Costs",
        "Currency Hedging"
    ],
    "classification": "complex",
    "supporting_data": "The WisdomTree Soybeans - EUR Daily Hedged ETC is classified as complex primarily due to its exposure to commodity futures contracts, which involve rolling costs and potential contango/backwardation effects. The product tracks the Bloomberg Soybeans Sub Euro Hedged Daily Total Return Index, which is inherently complex due to its reliance on futures contracts rather than physical assets. Additionally, the currency hedging mechanism adds another layer of complexity. While the ETC is UCITS-compliant and does not use leverage or swaps, the underlying asset (commodity futures) and the associated risks (e.g., roll costs, counterparty risk in futures contracts) make it difficult for retail investors to fully understand the product's behavior under different market conditions. The PRIIPs KID also includes a warning that the product is 'not simple and may be difficult to understand,' further supporting the complex classification.",
    "confidence": 90
}