{
    "type": "ETF",
    "ucits": true,
    "fund_name": "VanEck iBoxx EUR Corporates UCITS ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The VanEck iBoxx EUR Corporates UCITS ETF is a UCITS-compliant bond ETF that physically replicates the iBoxx SD-KPI EUR Liquid Corporates Index using full physical replication, as confirmed by the factsheet. There is no mention of synthetic replication, swap agreements, or derivative instruments used to achieve the investment objective. The fund invests directly in a portfolio of fixed-rate, investment-grade corporate bonds with transparent cash flows and no complex structured products or contingent convertible bonds. The risk profile is moderate (risk level 4 in KIID, risk level 2 in PRIIPs KID), consistent with a straightforward bond ETF. There is no leverage, inverse exposure, or capital protection features. Costs are simple with a low ongoing charge of 0.15% and no performance fees or swap fees. The PRIIPs KID confirms low complexity with a low risk rating (2/7) and no comprehension warnings. The fund\u2019s holdings and index methodology are transparent and straightforward, with no counterparty risk or derivative counterparty risk disclosed. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}