{
    "type": "ETF",
    "ucits": true,
    "fund_name": "SPDR MSCI Emerging Markets Climate Paris Aligned UCITS ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Fund is a UCITS-compliant ETF that physically replicates the MSCI Emerging Markets Climate Paris Aligned Index by holding the underlying securities with approximate weightings as in the Index. The KIID and PRIIPs KID documents confirm the use of a replication strategy with no synthetic replication or swap agreements mentioned. The Fund may use derivatives only for efficient portfolio management in limited circumstances, but this is not an inherent part of the investment strategy, so derivatives are marked false. There is no leverage, inverse or amplified exposure. The underlying assets are large and mid-cap equities from emerging markets, screened for ESG criteria, with no complex structured products or contingent bonds. The risk profile is medium-high (category 6 in KIID, 4 in PRIIPs KID), reflecting emerging market and liquidity risks, but not complexity from product structure. Costs are straightforward with a TER of 0.23%, no performance fees, and no swap or derivative fees. The factsheet confirms physical replication and no securities lending. No capital protection or structured features are present. No complexity flags such as contingent convertible bonds, leverage, swaps, or capital guarantees are identified. Therefore, under MiFID II, this ETF is classified as non-complex."
}