{
    "fund_name": "VanEck European Equal Weight Screened UCITS ETF",
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The VanEck European Equal Weight Screened UCITS ETF is a physically replicated ETF that tracks the Solactive European Equity Index using an equal-weight methodology. The KIID and factsheet confirm that the fund uses physical replication (full or optimized sampling) without synthetic exposure, leverage, or inverse strategies. The fund does not employ derivatives beyond what might be used for efficient portfolio management (EPM), and there is no mention of swaps, leverage, or complex underlying assets. The risk profile is rated at level 6, which is high but not necessarily indicative of complexity under MiFID II, as it reflects market volatility rather than structural complexity. The fund is UCITS-compliant, which generally aligns with non-complex classifications. The absence of capital protection mechanisms, structured features, or illiquid assets further supports the non-complex designation.",
    "confidence": 95
}