{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The SPDR MSCI Europe Climate Paris Aligned UCITS ETF is a UCITS-compliant ETF that physically replicates the MSCI Europe Climate Paris Aligned Index by holding the underlying securities directly, as confirmed by the KIID and the factsheet. The Fund uses a replication strategy aiming to hold all securities of the index with approximate weightings, with no mention of synthetic replication, swap agreements, or derivative instruments used as part of the investment strategy. Derivatives may be used only for efficient portfolio management in exceptional circumstances, which does not constitute inherent derivative exposure. There is no leverage, inverse or amplified exposure indicated. The risk profile is medium-high (risk category 6 in the KIID) due to market volatility and tracking error risks, but this is typical for equity ETFs and does not imply complexity under MiFID II. The Fund does not engage in securities lending, has a straightforward fee structure (TER 0.15%), no performance fees, and no capital protection or structured features. The underlying assets are large and mid-cap European equities, liquid and transparent, with no complex structured products or contingent bonds. The PRIIPs KID does not include any comprehension warnings or complexity flags. The factsheet confirms physical replication and no use of swaps or synthetic structures. Therefore, the Fund is classified as non-complex under MiFID II."
}