{
    "type": "ETF",
    "ucits": true,
    "fund_name": "SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF",
    "investment_objective": "Track the performance of the S&P Emerging Markets High Yield Dividend Aristocrats Index, which consists of high-yielding equity securities of companies in emerging markets.",
    "primary_asset_class": "Equity",
    "geographic_focus": "Emerging Markets",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Fund is a UCITS-compliant ETF that physically replicates the S&P Emerging Markets High Yield Dividend Aristocrats Index by holding the underlying securities with approximate weightings as in the Index. The KIID and PRIIPs KID documents confirm that the Fund may use derivatives only for efficient portfolio management, not as an inherent part of the investment strategy, thus derivatives are not considered a complexity factor. There is no mention of synthetic replication, swap agreements, or counterparty risk exposure. The Fund does not employ leverage or inverse strategies. The risk profile is medium-high (category 4 in PRIIPs KID, 6 in KIID), reflecting the emerging markets equity exposure and associated market risks, not complexity from structure or instruments. The ongoing charges are straightforward with no performance fees or swap fees. The factsheet confirms physical replication and no use of synthetic instruments. No capital protection or structured features are present. The index tracked is a standard equity dividend aristocrats index without complex contingent bonds or structured products. Therefore, under MiFID II criteria, the Fund is classified as non-complex."
}