{
    "type": "ETF",
    "ucits": true,
    "fund_name": "VanEck European Equal Weight Screened UCITS ETF",
    "investment_objective": "To track the Solactive European Equity Index (gross total return index) as closely as possible by investing in underlying physical equity securities of developed European countries.",
    "primary_asset_class": "Equity",
    "geographic_focus": "Developed European countries including Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Spain, UK, Sweden, Switzerland",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS-compliant equity ETF physically replicating the Solactive European Equity Index by direct purchase of underlying securities. 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 flags such as capital protection or structured features are present. The ongoing charges are straightforward with no performance fees or swap fees. The fund invests in liquid, transparent equity securities with an equally weighted index methodology. The monthly factsheet confirms physical full replication and no securities lending or derivative usage. There are no references to complex underlying assets like contingent convertible bonds or CLOs. 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 for risk management if at all, thus it is classified as non-complex under MiFID II."
}