{
    "fund_name": "WisdomTree Europe Defence UCITS ETF - EUR Acc",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the WisdomTree Europe Defence UCITS Index, which consists of European defence sector equities. There is no mention of synthetic replication, swaps, leverage, or inverse strategies. The fund invests directly in the underlying securities of the index, and the index methodology is based on revenue exposure to the defence sector with clear exclusion criteria. The risk profile is straightforward, and the fund is UCITS-compliant, indicating a high level of regulatory scrutiny and transparency. The use of derivatives is limited to efficient portfolio management (e.g., repurchase/reverse repurchase agreements and stock lending), which does not trigger complexity under MiFID II. The fund's risk and reward profile is clearly disclosed, and there are no capital protection mechanisms or structured features that would indicate complexity.",
    "confidence": 95
}