{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The VanEck Space Innovators UCITS ETF is a UCITS-compliant equity ETF that physically replicates the MVIS Global Space Industry ESG Index by investing directly in underlying equity securities, including stocks, ADRs, and GDRs. The KIID and PRIIPs KID confirm the use of physical replication or optimised sampling only, with no synthetic replication or funded/unfunded swap structures mentioned. Although the Fund may use derivatives such as futures, options, and swaps, these are for efficient portfolio management and hedging rather than as an inherent part of the investment strategy, so derivatives are marked false. There is no leverage, inverse or amplified exposure, and no capital protection or structured features. The risk profile is medium-high (5/7) reflecting equity market and sector concentration risks, foreign currency risk, and emerging market exposure, but not complexity from product structure. Costs are straightforward with a single ongoing charge (TER) of 0.55%, no performance fees, and no complex fee arrangements. The monthly factsheet confirms physical full replication, no use of swaps, and a transparent portfolio of 25 equity holdings in space-related companies. No complex underlying assets such as contingent convertible bonds or CLOs are held. There are no references to capital protection, barrier options, or complex structured returns. The PRIIPs KID does not carry a comprehension warning. Overall, the ETF\u2019s structure, replication method, and underlying assets indicate a non-complex classification under MiFID II."
}