{
    "type": "ETF",
    "ucits": true,
    "fund_name": "VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF",
    "investment_objective": "To track the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index\u2122 (gross total return index) as closely as possible by investing in the underlying physical securities.",
    "primary_asset_class": "Equity",
    "geographic_focus": "Developed markets worldwide including Australia, Canada, Denmark, Germany, Finland, France, Hong Kong, Italy, Japan, Norway, Austria, Portugal, Singapore, Spain, UK, US, Sweden, Switzerland, Poland, Israel",
    "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 that physically replicates the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index by investing directly in the underlying securities. There is no use of synthetic replication, swap agreements, or derivative instruments as part of the investment strategy. The fund does not employ leverage or inverse exposure. The risk profile is medium (4 out of 7) in the PRIIPs KID, reflecting typical equity market risks but no additional complexity from derivatives or leverage. The fund holds 100 large-cap dividend-paying stocks across developed markets, with no investment in complex structured products or contingent convertible bonds. Costs are straightforward with a single ongoing charge of 0.38%, no performance fees, and no swap or derivative fees. The fund does not engage in securities lending. The PRIIPs KID does not include any comprehension warnings or complexity flags. The monthly factsheet confirms physical full replication and no use of derivatives or swaps. The index tracked is a screened dividend leaders index, which is a transparent and straightforward equity index without complex features. Therefore, the ETF does not meet any MiFID II complexity criteria related to synthetic replication, leverage, complex underlying assets, or capital protection mechanisms."
}