{
    "fund_name": "WisdomTree US Equity Income UCITS ETF - GBP Hedged Acc",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": true,
    "swaps": true,
    "inverse": false,
    "complex_factors": [
        "Currency hedging using forward FX contracts",
        "Composite risk score screening methodology",
        "ESG exclusion criteria"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication for its core equity exposure and employs forward FX contracts solely for currency hedging, which is a common and transparent practice in UCITS-compliant ETFs. While the index methodology includes a composite risk score and ESG screening, these are standard features in many mainstream ETFs. The use of derivatives is limited to efficient portfolio management (currency hedging) and does not involve leverage, inverse strategies, or synthetic replication. The fund's risk profile is clearly articulated in the KIID, and the underlying assets (US equities) are liquid and transparent. The PRIIPs KID does not contain a comprehension alert, further supporting the non-complex classification. The fact sheet confirms physical replication and provides clear sector/country exposure details.",
    "confidence": 90
}