{
    "type": "ETF",
    "ucits": true,
    "fund_name": "SPDR S&P U.S. Technology Select Sector UCITS ETF (Acc)",
    "investment_objective": "Track the performance of large sized U.S. information technology companies in the S&P 500 Index",
    "primary_asset_class": "equity",
    "geographic_focus": "United States",
    "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 Technology Select Sector Daily Capped 35/20 Index by holding the underlying equity securities directly. The KIID and PRIIPs KID confirm the Fund uses a replication strategy aiming to hold all securities in the index with approximate weightings, with no mention of synthetic replication, swap agreements, or derivative instruments used as part of the investment strategy. Derivatives are only used for efficient portfolio management, not as an inherent element of the investment strategy, so 'derivatives' is marked false. There is no leverage, inverse or amplified exposure. The risk rating is 6 out of 7, reflecting the volatility of the technology sector equities rather than structural complexity. The Fund does not employ capital protection, structured features, or invest in complex underlying assets such as contingent convertible bonds or CLOs. Costs are straightforward with a low ongoing charge of 0.15% and no performance fees or swap fees. The monthly factsheet confirms physical replication, no use of swaps, and a transparent portfolio of 69 large-cap U.S. technology stocks. No complexity flags such as counterparty risk or capital protection mechanisms are present. Therefore, under MiFID II criteria, this ETF is classified as non-complex despite a medium-high risk profile due to sector concentration and equity market volatility."
}