{
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The SPDR STOXX Europe 600 SRI UCITS ETF is a physically replicated ETF that tracks the STOXX Europe 600 SRI Index. It does not use leverage, inverse strategies, or synthetic replication. The ETF primarily invests in liquid European equities and uses derivatives only for efficient portfolio management, not as a core strategy. The risk profile is categorized as level 6, but this is due to market volatility rather than structural complexity. The ETF is UCITS-compliant, has a straightforward investment objective, and provides clear, linear exposure to its underlying index. The KIID and factsheet do not indicate the use of complex instruments like swaps, contingent bonds, or structured products. The ETF's risk disclosures are standard for equity investments, and there are no warnings about complexity or suitability for retail investors.",
    "confidence": 95
}