{
    "fund_name": "SPDR S&P 500 Quality Aristocrats UCITS ETF",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the S&P 500 Quality FCF Aristocrats Index, which consists of 100 large-cap U.S. equities with high-quality characteristics. The fund does not employ leverage, inverse strategies, or synthetic replication methods. Derivatives are only used for efficient portfolio management (e.g., hedging) and not as a core investment strategy. The index methodology is transparent, focusing on free cash flow and quality scores, making the fund's risks easily understandable. The fund is UCITS-compliant, further indicating its suitability for retail investors. No complexity indicators (e.g., swaps, capital protection, or structured products) are present.",
    "confidence": 95
}