{
    "ucits": true,
    "type": "ETF",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The WisdomTree US Equity Income UCITS ETF is a UCITS-compliant ETF that seeks to track a transparent, rule-based, fundamentally weighted US equity income index. It employs a passive management approach investing in a representative sample of the index's underlying securities, consistent with physical replication. The fund may use repurchase/reverse repurchase agreements and securities lending solely for efficient portfolio management, which is limited derivative use not integral to the investment objective, thus not triggering complexity. There is no indication of synthetic replication, embedded derivatives, leverage beyond UCITS limits, or complex structured products such as CLOs. The index tracked is transparent, with clear methodology and liquidity requirements. The risk profile reflects market volatility and tracking error, which are standard and do not imply complexity. According to MiFID II Article 254 and Delegated Regulation EU 2017/565 Article 57, UCITS ETFs using physical replication and limited derivative use for efficient portfolio management are presumed non-complex. ESMA guidance confirms that synthetic replication or embedded derivatives would lead to complexity, which is not the case here. Therefore, this ETF meets all criteria for non-complex classification under MiFID II."
}