{
    "type": "ETF",
    "ucits": true,
    "fund_name": "VanEck Multi-Asset Conservative Allocation UCITS ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The VanEck Multi-Asset Conservative Allocation UCITS ETF is a passively managed, UCITS-compliant ETF that tracks a composite multi-asset index composed of equity and bond indices. The ETF uses physical (optimized) replication, investing directly in shares and bonds with a sampling process. There is no mention of synthetic replication, swap agreements, total return swaps, or derivative instruments as part of the investment strategy. The fund does not employ leverage, inverse exposure, or capital protection mechanisms. The risk profile is moderate-low (risk level 3 out of 7), consistent with a straightforward multi-asset portfolio. The underlying assets are liquid equities and investment-grade bonds, with no complex structured products or contingent convertible bonds. Costs are simple, with a single ongoing charge (TER) of 0.28%, no performance fees, and no swap or derivative fees. The PRIIPs KID and factsheet confirm no use of derivatives for investment purposes, only possibly for risk management, which does not trigger complexity. There are no complexity flags such as counterparty risk exposure, capital guarantees, or complex fee structures. The index tracked is a composite of well-known, transparent indices without complex features. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}