{
    "ucits": true,
    "type": "ETF",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": "None identified",
    "supporting_data": "The WisdomTree Megatrends UCITS ETF is a UCITS-compliant ETF that tracks a transparent, rules-based equity index. It uses physical replication (holding a representative sample of the underlying securities), does not employ synthetic replication or swaps, and does not use leverage beyond UCITS limits. Derivatives, if used at all, are limited to efficient portfolio management (EPM) with minimal impact on risk-return, and there is no evidence of embedded derivatives, structured products, or complex indices. The fund may engage in securities lending and repurchase/reverse repurchase agreements, but these are standard, well-disclosed, and within UCITS rules, not materially increasing complexity. The index methodology is transparent and publicly available, and the fundu2019s structure, risks, and objectives are straightforward for retail investors to understand. Counterparty risk is disclosed but is a standard feature of UCITS funds and not a driver of complexity under MiFID II. There is no indication of contingent convertible bonds, complex payout structures, or other features that would make the ETF difficult for a retail investor with basic knowledge to understand.",
    "classification": "non-complex"
}