{
    "complex": false,
    "replication_method": "physical",
    "derivatives": false,
    "swaps": false,
    "leverage": false,
    "inverse": false,
    "ucits": true,
    "type": "ETF",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The SPDR MSCI ACWI Climate Paris Aligned UCITS ETF (Acc) is classified as non-complex under MiFID II based on the following analysis: 1) Physical replication method - The KIID explicitly states the fund seeks to hold all securities of the index with approximate weightings, indicating physical replication. 2) No derivative usage for investment strategy - While the KIID mentions potential use of derivatives for efficient portfolio management, there's no indication of extensive or complex derivative usage. 3) No leverage or inverse exposure - The fund has no leverage or inverse features. 4) Straightforward investment objective - The fund tracks a climate-aligned version of the MSCI ACWI Index with clear ESG screening criteria. 5) UCITS compliance - The fund is UCITS-compliant, which typically indicates suitability for retail investors. 6) Risk profile - The fund is in risk category 6, but this reflects market volatility rather than product complexity. The PRIIPs KID and fact sheet confirm the physical replication approach and lack of complex derivative strategies. The only potential complexity factor would be the climate-aligned index methodology, but this doesn't trigger MiFID II complexity classification.",
    "confidence": 95
}