{
    "fund_name": "SPDR FTSE UK All Share UCITS ETF (Acc)",
    "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 FTSE All-Share Index, with no mention of synthetic replication, swaps, or leverage. The fund invests directly in UK equities listed on the London Stock Exchange, with a straightforward accumulation strategy. The risk profile (category 6) reflects market volatility rather than structural complexity. The KIID and PRIIPs documents confirm UCITS compliance and physical replication, with no comprehension warnings or complex features. The fact sheet further validates the physical replication method and liquid underlying assets. No derivative usage beyond efficient portfolio management is indicated.",
    "confidence": 95
}