{
    "complex": false,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "ucits": true,
    "type": "ETF",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The SPDR MSCI All Country World Investable Market UCITS ETF (Acc) is a physically replicated, UCITS-compliant ETF that tracks the MSCI ACWI IMI Index. The KIID and PRIIPs documents confirm it uses an 'optimised' replication method (a form of physical sampling) rather than synthetic replication. There is no mention of swaps, leverage, or inverse strategies. The fund's risk profile (category 6) reflects the volatility of global equity markets rather than structural complexity. The fact sheet confirms it holds 3,715 securities across developed and emerging markets, with no reference to derivatives beyond standard portfolio management. While the index is broad and complex, the fund's straightforward replication approach and UCITS compliance make it suitable for retail investors. No comprehension warnings appear in the PRIIPs document.",
    "confidence": 95
}