{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The SPDR Bloomberg Global Aggregate Bond UCITS ETF is a UCITS-compliant ETF domiciled in Ireland, tracking the Bloomberg Global Aggregate Bond Index using a stratified sampling physical replication method. The KIID and PRIIPs KID documents confirm that the Fund primarily invests directly in investment grade fixed-rate debt securities including government, corporate, and asset-backed bonds. There is no mention of synthetic replication, swap agreements, total return swaps, or derivative instruments used as part of the investment strategy, only limited use of derivatives for portfolio management efficiency (which does not trigger complexity). The Fund does not employ leverage, inverse or amplified exposure. The risk profile is medium (risk category 3-4 out of 7), consistent with a bond index fund, and there are no capital protection or structured product features. Costs are straightforward with a low ongoing charge (0.10%) and no performance fees or swap fees. The monthly factsheet confirms physical stratified sampling replication, no synthetic or swap-based replication, and no complex underlying assets such as contingent convertible bonds or CLOs. The Fund holds a large number of liquid, transparent fixed income securities with no significant counterparty risk exposure. There is no PRIIPs comprehension warning or other complexity flags. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}