{
    "type": "ETF",
    "ucits": true,
    "fund_name": "VanEck Morningstar Global Wide Moat UCITS ETF",
    "investment_objective": "Track the Morningstar\u00ae Global Wide Moat Focus Index\u2122 by investing in a portfolio of equity securities that replicate the index",
    "primary_asset_class": "Equity",
    "geographic_focus": "Global",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical full replication of the underlying equity securities of the Morningstar Global Wide Moat Focus Index, investing directly in up to 100 global equity securities. There is no mention of synthetic replication, swap agreements, or derivative instruments as part of the investment strategy. The fund does not engage in securities lending. The risk profile is medium (4 out of 7 in PRIIPs KID), reflecting normal equity market risks and foreign currency risk, but no leverage or derivative amplification. The ongoing charges are straightforward with no performance fees or complex fee structures. The monthly factsheet confirms physical replication and no use of swaps or derivatives. There are no capital protection or structured product features. The index tracked is a rules-based equity index focusing on companies with sustainable competitive advantages, which is straightforward and transparent. No complex underlying assets such as contingent convertible bonds or CLOs are held. The PRIIPs KID does not include any comprehension warnings or complexity flags. Overall, the ETF exhibits a clear, linear relationship to the underlying equity index performance with minimal complexity factors, making it non-complex under MiFID II criteria."
}