{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The SPDR S&P Euro Dividend Aristocrats Screened UCITS ETF is a UCITS-compliant equity ETF that tracks the S&P Euro High Yield Dividend Aristocrats Screened Index. The fund uses a physical replication method, holding at least 90% of its assets directly in the underlying securities of the index, which consists of 40 high dividend-yielding Eurozone equities screened for ESG criteria. The KIID and PRIIPs KID documents confirm that derivatives may be used only for efficient portfolio management purposes, not as an inherent part of the investment strategy, and there is no mention of synthetic replication, swap agreements, or counterparty risk. The fund does not employ leverage, inverse exposure, or capital protection features. The risk profile is medium-high (category 6), reflecting the equity market volatility and concentration risks, but not complexity from derivatives or leverage. The factsheet confirms physical replication and no securities lending. Costs are straightforward with a TER of 0.30%, no performance fees, and no complex fee structures. There are no references to complex underlying assets such as contingent convertible bonds or CLOs. No complexity flags such as capital protection, structured features, or significant counterparty risk are present. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}