{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": [],
        "classification": "non-complex",
        "supporting_data": "The VanEck Circular Economy UCITS ETF employs a passive indexing approach, aiming to replicate the MVIS Global Circular Economy ESG Index. The investment strategy involves directly investing in the underlying equity securities of the index, utilizing physical replication. Derivatives may be used for efficient portfolio management (EPM), but their use is not integral to the investment objective. The fund's objective, structure, and risks are straightforward, making it easily understandable for retail investors with basic knowledge. The KID states that this fund is ranked at 6, a very high risk profile but this represents market risk and does not translate into structural complexity.There is no significant leverage. Securities lending is mentioned, but is a secondary feature within UCITS rules.There are no structured notes and there is a commitment to sustainability and transparency."
    }
}