{
    "ucits": true,
    "type": "ETF",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The WisdomTree New Economy Real Estate UCITS ETF is a UCITS-compliant ETF that tracks a transparent, well-defined index of global real estate companies with exposure to technology and science sectors. It uses physical replication by holding underlying securities, with no indication of synthetic replication or embedded derivatives. The Fund may engage in securities lending and repurchase agreements solely for efficient portfolio management, which is consistent with non-complex derivative use under MiFID II. There is no significant leverage beyond UCITS limits, no embedded derivatives such as structured products or contingent convertible bonds, and the risk profile reflects market volatility rather than structural complexity. The index methodology is transparent and publicly available, and the ETF's structure and risks are straightforward for retail investors with basic knowledge to understand. According to MiFID II Article 254, Delegated Regulation EU 2017/565 Article 57, and ESMA guidelines, such a UCITS ETF with physical replication, limited derivative use for EPM only, no leverage, and transparent index tracking is classified as non-complex. This aligns with the general presumption that UCITS ETFs are non-complex unless they embed complex features such as synthetic replication or embedded derivatives. Therefore, no appropriateness assessment or comprehension alert is required for this ETF under MiFID II rules."
}