{
    "ucits": true,
    "type": "ETF",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": "None",
    "classification": "non-complex",
    "supporting_data": "The WisdomTree Renewable Energy UCITS ETF is a UCITS-compliant ETF, which under MiFID II is automatically classified as non-complex unless it is a structured UCITS or fails the Article 57 criteria[1]. The fund employs a passive management approach, investing primarily in a representative sample of equities from the WisdomTree Renewable Energy Index, using physical replication. There is no evidence of significant use of derivatives for investment purposes (only for efficient portfolio management, such as securities lending, which is standard and does not trigger complexity under MiFID II for UCITS[1]). The fund does not use leverage beyond UCITS limits, does not employ synthetic replication or swaps, and does not have embedded derivatives or contingent convertible bonds. The index tracked is transparent and the risks (market, sector concentration, tracking error) are standard for equity ETFs and clearly disclosed. No features were identified that would make the structure, risks, or payoff difficult for a retail investor with basic knowledge to understand. Therefore, the ETF meets all criteria for non-complex classification under MiFID II[1]."
}