{
    "type": "ETF",
    "ucits": true,
    "fund_name": "SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF",
    "investment_objective": "Track the performance of the Morningstar Global Multi-Asset Infrastructure Index, representing global infrastructure-related equity and bonds.",
    "primary_asset_class": "Mixed (Equity and Fixed Income)",
    "geographic_focus": "Global",
    "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 tracks a broadly diversified global infrastructure index composed of publicly traded equities and bonds. The replication method is stratified sampling (a form of physical replication), with no indication of synthetic replication or use of swap agreements. The Fund may use derivatives only for efficient portfolio management, not as an inherent part of the investment strategy, so derivatives are marked false. There is no leverage, inverse or amplified exposure. The risk profile is medium (category 5 in KIID, 3 in PRIIPs KID), consistent with a mixed equity and bond portfolio, but no complexity flags such as contingent bonds, capital protection, or structured features are present. The Fund's holdings are liquid, transparent securities with no complex underlying assets. Costs are straightforward with a single ongoing charge (TER) of 0.40%, no performance fees, and no swap or derivative fees. Counterparty risk is not highlighted as material. The PRIIPs KID does not contain any comprehension warnings or complexity flags. The factsheet confirms no use of swaps or synthetic replication and shows a large number of holdings (~2,376) with a balanced equity/fixed income split. Overall, the Fund exhibits a clear, linear relationship to the underlying index performance and is suitable for retail investors with medium risk tolerance. Therefore, under MiFID II, this ETF is classified as non-complex."
}