{
    "complex": false,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "ucits": true,
    "type": "ETF",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The SPDR Bloomberg UK Gilt UCITS ETF is a physically replicated ETF that tracks the Bloomberg UK Gilt Bond Index. It does not use leverage, inverse strategies, or synthetic replication methods. The fund invests directly in UK government bonds (gilts) and does not employ derivatives beyond what is necessary for efficient portfolio management. The risk profile is straightforward, with a medium risk rating (category 5) and no complex structures or capital protection features. The fund is UCITS-compliant, ensuring regulatory alignment with retail investor suitability standards. The absence of swaps, unfunded structures, or complex derivatives confirms its non-complex classification under MiFID II.",
    "confidence": 95
}