{
    "type": "ETF",
    "ucits": true,
    "fund_name": "VanEck World Equal Weight Screened UCITS ETF",
    "investment_objective": "To track the Solactive Sustainable World Equity Index (gross total return index) as closely as possible by investing in the underlying physical securities of the index.",
    "primary_asset_class": "Equity",
    "geographic_focus": "Developed countries worldwide including US, Japan, UK, France, Germany, Australia, and others",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical (full) replication investing directly in the underlying equity securities of the Solactive Sustainable World Equity Index. There is no mention of synthetic replication, swap agreements, or derivative instruments used for investment purposes. The fund does not employ leverage or inverse strategies. The risk profile is medium (4 out of 7) in the PRIIPs KID, reflecting typical equity market and foreign currency risks, but no complexity-related risk factors such as counterparty risk or derivative risk are disclosed. The ongoing charges are straightforward with a TER of 0.20%, no performance fees, and no complex fee structures. The fund is UCITS compliant and distributes income quarterly. The index tracked is a broad, equally weighted, transparent equity index with 250 shares from developed markets, with no complex structured products or contingent bonds involved. The monthly factsheet confirms physical replication and no use of swaps or derivatives for investment exposure. There are no capital protection or structured features. The PRIIPs KID does not include any comprehension warnings or complexity flags. Overall, the ETF exhibits a clear, linear relationship to the underlying index performance with minimal derivative exposure used only potentially for risk management, if at all, which does not trigger complexity under MiFID II. Therefore, the fund is classified as non-complex."
}