{
    "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 (CHF Hedged). The fund uses a stratified sampling physical replication method to build a representative portfolio of investment grade fixed-rate debt securities, including government, corporate, asset-backed, and mortgage-backed securities. There is no mention of synthetic replication, swap agreements, or total return swaps in the KIID, PRIIPs KID, or factsheet. The fund uses derivatives only for efficient portfolio management and currency hedging, not as an inherent part of the investment strategy, so derivatives are marked false. There is no leverage, inverse or amplified exposure. The risk profile is moderate to low (risk category 2-3 in PRIIPs and KIID), consistent with a straightforward bond index tracking fund. The fund holds a large number of liquid, investment grade bonds with no complex structured products or contingent capital instruments. No capital protection or structured features are present. Costs are simple with a low TER (0.10%) and no performance fees or swap fees. The PRIIPs KID does not carry any comprehension warnings or complexity flags. The fund\u2019s use of stratified sampling is a common physical replication technique and does not imply complexity. Overall, the ETF exhibits none of the MiFID II complexity indicators such as synthetic replication, leverage, complex underlying assets, or capital protection mechanisms. Therefore, it is classified as non-complex."
}