{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Goldman Sachs Access UK Gilts 1-10 Years UCITS ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Goldman Sachs Access UK Gilts 1-10 Years UCITS ETF is a UCITS-compliant ETF that physically replicates the FTSE Goldman Sachs UK Gilts 1-10 Years Index by investing mostly in UK government bonds with maturities between 1 and 10 years. The fund uses an optimised sampling approach but holds actual underlying securities rather than synthetic replication or swap agreements. The KIID and PRIIPs KID documents confirm that derivatives may be used only on an ancillary basis for efficient portfolio management and risk management, not as an inherent part of the investment strategy, thus derivatives exposure is minimal and not a complexity driver. There is no leverage, inverse or amplified exposure mentioned. The risk profile is medium-low (3 out of 7), consistent with a straightforward fixed income index tracking fund. The monthly factsheet confirms physical replication, no use of funded or unfunded swaps, no contingent capital or structured products, and no capital protection features. The fund invests in liquid, transparent UK government bonds, with no complex underlying assets. Costs are simple with a low ongoing charge of 0.07%, no performance fees, and no swap or derivative fees. There are no complexity flags such as capital guarantees, leverage, or complex derivatives. The PRIIPs KID does not carry any comprehension warnings or complexity disclaimers. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}