{
    "type": "ETF",
    "ucits": true,
    "fund_name": "SPDR MSCI ACWI Climate Paris Aligned UCITS ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The SPDR MSCI ACWI Climate Paris Aligned UCITS ETF is a UCITS-compliant ETF domiciled in Ireland, tracking the MSCI ACWI Climate Paris Aligned Index using a physical replication strategy. The KIID and PRIIPs KID documents explicitly state that the Fund seeks to hold all or substantially all securities of the Index with approximate weightings, indicating full or near-full physical replication. There is no mention of synthetic replication, swap agreements, total return swaps, or derivative instruments used as part of the investment strategy, only limited use of derivatives for efficient portfolio management, which does not trigger complexity under MiFID II. The factsheet confirms replication method as 'Replicated' and no securities lending is currently engaged. There is no leverage, inverse or amplified exposure, and the risk profile is medium (category 4 out of 7 in PRIIPs KID, category 6 in KIID but driven by market volatility rather than structural complexity). The underlying assets are equities from developed and emerging markets, with no complex structured products or contingent convertible bonds. No capital protection or structured features are present. Costs are straightforward with a TER of 0.20%, no performance fees, and no swap or derivative fees disclosed. The PRIIPs KID does not include any comprehension warnings or complexity flags. Overall, the ETF exhibits a clear, linear relationship to the underlying index performance, invests directly in liquid, transparent securities, and uses physical replication without leverage or synthetic structures, leading to a non-complex classification under MiFID II."
}