{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Goldman Sachs Global Green Bond UCITS ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The Goldman Sachs Global Green Bond UCITS ETF is a UCITS-compliant ETF that physically replicates the Solactive Global Green Bond Select Index using an optimised sampling approach. The fund invests directly in global investment grade fixed income green bonds, with no use of synthetic replication or swap agreements. Derivatives are only used minimally and solely for currency hedging purposes (up to 10% of assets), which is considered risk management rather than an inherent part of the investment strategy. There is no leverage, inverse exposure, or capital protection features. The risk profile is medium-low (3 out of 7), consistent with investment grade bond funds. The fund holds liquid, transparent fixed income securities without complex structured products or contingent convertible bonds. The ongoing charges are straightforward with no performance fees or swap fees. The PRIIPs KID does not include any comprehension warnings or complexity flags. The monthly factsheet confirms zero derivatives exposure and physical replication. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}