{
    "type": "ETF",
    "ucits": true,
    "fund_name": "VanEck Video Gaming and eSports UCITS ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The VanEck Video Gaming and eSports UCITS ETF is a UCITS-compliant ETF that physically replicates the MarketVector Global Video Gaming & eSports ESG Index by investing directly in underlying equity securities. The KIID and PRIIPs KID confirm the fund uses physical replication or optimised sampling only when full replication is not practical, with no synthetic replication or funded/unfunded swap structures mentioned. Derivative instruments such as futures, swaps, currency forwards, and non-deliverable forwards are used solely for efficient portfolio management and/or hedging purposes, not as an inherent part of the investment strategy, thus derivatives are considered non-complex in this context. 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 typical of an equity ETF, but not complexity. Fees are straightforward with a single ongoing charge (TER) of 0.55%, no performance fees, and no complex fee structures. The monthly factsheet confirms physical full replication, no use of swaps, and a portfolio of 26 equity holdings primarily in large and mid-cap companies in the video gaming and esports sector. No complex underlying assets such as contingent convertible bonds or CLOs are held. There are no references to capital protection, barrier options, or structured returns. The PRIIPs KID does not carry a comprehension warning. Overall, the fund\u2019s structure, replication method, and holdings indicate a non-complex financial instrument under MiFID II."
}