{
    "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 Cybersecurity UCITS ETF is a UCITS-compliant ETF, which is automatically classified as non-complex under MiFID II Article 25(4)(a)(iv), unless it is a structured UCITS or fails the Article 57 criteria[1]. The fund employs a passive management approach, investing in a representative sample of the component securities of its index (physical replication), and does not use derivatives as an inherent part of its investment strategy. Derivatives, if used at all, are limited to efficient portfolio management (EPM) such as securities lending or repurchase agreements, which are secondary features and do not dominate the risk profile. There is no evidence of synthetic replication, embedded derivatives, significant leverage, or other complex features that would trigger a complex classification. The index tracked is transparent and the fundu2019s structure, risks, and objectives are straightforward and disclosed in the KID. Therefore, the ETF meets all criteria for non-complex classification under MiFID II[1]."
}