{
    "fund_name": "WisdomTree Global Quality Dividend Growth UCITS ETF - USD Acc",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "Complex index methodology (dividend-weighted, quality/momentum screening)",
        "Potential for tracking error due to representative sampling",
        "ESG screening criteria may add complexity to selection process"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication (as confirmed in both KIID and PRIIPs documents) and does not employ leverage, inverse strategies, or synthetic replication. The index methodology is complex in terms of its screening and weighting process, but this does not automatically make the ETF complex under MiFID II. The fund's risk profile is straightforward (equity exposure with dividend focus), and the risks are clearly disclosed. While the index construction involves multiple factors (quality, momentum, ESG), this is common in many mainstream ETFs and does not trigger complexity classification. The fund's UCITS compliance and physical replication method further support the non-complex classification.",
    "confidence": 90
}