{
    "type": "ETF",
    "ucits": true,
    "fund_name": "SPDR Dow Jones Global Real Estate UCITS ETF",
    "investment_objective": "Track the performance of the Dow Jones Global Select Real Estate Securities Index",
    "primary_asset_class": "Equity (Real Estate Investment Trusts and Real Estate Operating Companies)",
    "geographic_focus": "Global (Developed and 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 Dow Jones Global Select Real Estate Securities Index by holding the underlying securities (REITs and REOCs) with approximate weightings as in the Index. There is no mention of synthetic replication, swap agreements, or derivative instruments used as part of the investment strategy, except for limited use of derivatives solely for efficient portfolio management, which does not trigger complexity under MiFID II. The Fund does not employ leverage, inverse or amplified exposure. The risk profile is medium-high (category 5 out of 7), reflecting the volatility of the underlying real estate equity securities, but this is typical for equity ETFs and does not indicate structural complexity. The Fund does not have capital protection or structured features. Costs are straightforward with a single ongoing charge of 0.40%, no performance fees, and no swap or derivative fees. The PRIIPs KID does not include any comprehension warnings or complexity flags. The monthly factsheet confirms physical replication, no use of swaps, and a transparent portfolio of liquid real estate securities. Therefore, the Fund is classified as non-complex under MiFID II."
}