{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": [],
        "classification": "non-complex",
        "supporting_data": "The VanEck European Equal Weight Screened UCITS ETF uses physical replication and tracks the Solactive European Equity Index, which consists of 100 shares from developed European countries. The fund distributes income from its investments as a dividend. The KID states that the fund may use an optimized sampling methodology when replication is not cost efficient, this should not be considered the same as a swap. The KID indicates that the return of the Fund is directly related to the return of the underlying assets minus the costs associated with the Fund.  Securities lending is not mentioned. The KID shows that the risk profile is 6/7 indicating the potential for high rises and falls, but the risk rating does not imply complexity, in ESMA's view the risk profile is related to market risk and not structural complexity. There is no evidence of complex structures or derivative use beyond what is described as potentially optimized sampling to reduce tracking error.  The index itself appears transparent, and the fund does not use leverage. Based on the information provided, the fund's structure and risks are easily understood by retail investors with basic knowledge as shown in the KID. The fund also meets Article 8 of Regulation (EU) 2019/2088 on sustainability related disclosures. The ETF is not required to include a comprehension alert in the KID."
    }
}