{
    "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 (EUR 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 bonds. 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 out of 7), 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. The factsheet confirms no use of swaps or synthetic replication and a low TER of 0.10%. The fund\u2019s complexity is low, with no capital protection features or structured return formulas. The PRIIPs KID does not carry any comprehension warnings or complexity flags. Overall, the fund\u2019s structure, replication method, underlying assets, and risk disclosures indicate a non-complex classification under MiFID II."
}