{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "Physical replication with no derivatives or swaps",
        "Straightforward index-tracking strategy",
        "No leverage or inverse exposure",
        "Invests directly in liquid, transparent equity securities"
    ],
    "classification": "non-complex",
    "supporting_data": "The VanEck Sustainable Future of Food UCITS ETF uses physical replication to track the MVIS Global Future of Food ESG Index by investing directly in the underlying equity securities. There is no mention of synthetic replication, swaps, or derivatives in the KIID or PRIIPs documents. The fund's investment strategy is straightforward, focusing on companies related to sustainable food production. The risk profile is clearly disclosed, and the fund does not employ leverage or inverse strategies. The underlying index tracks liquid, large-cap companies, and the fund's holdings are transparent. The PRIIPs KID does not include a comprehension alert, further supporting the non-complex classification. The monthly factsheet confirms physical replication and lists the top holdings, reinforcing the transparency of the fund's strategy.",
    "confidence": 95
}