{
    "type": "ETF",
    "ucits": true,
    "fund_name": "YieldMax\u2122 Big Tech Option Income UCITS ETF",
    "investment_objective": "Capital growth through exposure to a portfolio of equities from the technology sector and income generation through dividends and option premiums",
    "primary_asset_class": "Equity",
    "geographic_sector_focus": "Global technology and technology-related sectors, large-cap companies",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": "Use of option income strategies (covered call and covered call spread) involving listed call options",
    "classification": "non-complex",
    "supporting_data": "The ETF invests primarily in physical equities and equity-related securities (GDRs, ADRs) of large-cap technology companies, with at least 80% of assets in these securities. The replication method is physical, with no mention of synthetic replication or swap agreements. The Fund employs option income strategies using listed call options (covered call and covered call spread) to generate additional income, but these derivatives are used as part of an income enhancement strategy rather than as an inherent element of the investment strategy, and the derivatives risk is disclosed but does not imply synthetic replication or leverage. There is no leverage or inverse exposure. The risk profile is medium-high (5/7), reflecting market and derivatives risk, but not complexity from leverage or synthetic structures. No capital protection or structured features are present. Costs are straightforward with no performance fees or swap fees. The PRIIPs KID does not include a comprehension warning or highlight complexity beyond normal derivatives risk. The monthly factsheet and documents do not indicate use of swaps or complex underlying assets. Therefore, under MiFID II criteria, the ETF is classified as non-complex despite the use of listed options for income generation, as these are standard, exchange-traded derivatives used in a straightforward covered call strategy without leverage or synthetic replication."
}