{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The SPDR S&P Global Dividend Aristocrats Screened UCITS ETF is a UCITS-compliant ETF that physically replicates the S&P Global Dividend Aristocrats Screened Quality Income Index by holding primarily the underlying securities of the index. The KIID and PRIIPs KID documents confirm that the Fund uses a physical replication strategy and only uses derivatives for efficient portfolio management, if at all, which does not constitute inherent derivative exposure. There is no mention of synthetic replication, swap agreements, total return swaps, or counterparty risk exposure. The Fund does not employ leverage, inverse or amplified exposure, nor does it invest in complex underlying assets such as contingent convertible bonds or CLOs. The risk profile is medium-high (risk category 6) due to historical volatility of the underlying equities, but this is typical for equity dividend-focused ETFs and does not imply complexity under MiFID II. Costs are straightforward with a single ongoing charge (TER) of 0.45%, no performance fees, and no swap or derivative fees. The index tracked is a transparent, dividend-weighted ESG screened equity index with 100 constituents, and the Fund holds these securities directly. There are no capital protection or structured features. The PRIIPs KID does not include any comprehension warnings or complexity flags. The monthly factsheet confirms physical replication and no use of swaps or leverage. Therefore, the Fund is classified as non-complex under MiFID II."
}