{
    "fund_name": "VanEck Morningstar Global Wide Moat UCITS ETF",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The VanEck Morningstar Global Wide Moat UCITS ETF is a physically replicated ETF that tracks the Morningstar Global Wide Moat Focus Index. The KIID and factsheet confirm it uses full physical replication, investing directly in the underlying securities of the index without derivatives or leverage. The risk profile is rated at 6 due to equity market volatility, but this is typical for equity ETFs and does not indicate complexity. The fund does not engage in securities lending, synthetic replication, or leverage, and its investment strategy is straightforward index tracking. The PRIIPs KID does not introduce any additional complexity factors, and the factsheet reinforces the physical replication method and lack of derivative usage. The fund is UCITS-compliant, further supporting its non-complex classification under MiFID II.",
    "confidence": 95
}