{
    "complex": false,
    "leverage": false,
    "derivatives": true,
    "swaps": true,
    "inverse": false,
    "replication_method": "physical",
    "ucits": true,
    "type": "ETF",
    "complex_factors": [
        "Currency hedging using forward contracts",
        "ESG screening criteria",
        "Composite risk score methodology"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication for its core strategy, tracking the WisdomTree Europe Equity UCITS Index. While it employs forward currency contracts for USD hedging, this is a common and transparent practice for currency risk management. The index methodology involves ESG screening and a composite risk score, but these are standard, rule-based approaches. The fund does not use leverage, inverse strategies, or complex derivatives beyond the hedging mechanism. The risk profile is rated as 'lower risk' in the KIID, and the PRIIPs KID does not include a comprehension warning. The fact sheet confirms physical replication and UCITS compliance, reinforcing the non-complex classification.",
    "confidence": 90
}