{
    "ucits": true,
    "type": "ETF",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": "None",
    "classification": "non-complex",
    "supporting_data": "The SPDR Bloomberg Global Aggregate Bond UCITS ETF is a UCITS-compliant, physically replicated ETF tracking a transparent, well-diversified investment grade bond index. It uses derivatives only for efficient portfolio management (EPM), such as currency hedging, and not as a core part of its investment strategy. The fund's structure, risks, and objectives are straightforward and disclosed in a Key Investor Information Document (KIID), supporting the presumption that a retail investor with basic knowledge can understand the product. There is no significant leverage, no embedded derivatives, no swaps, and no complex features such as contingent convertible bonds or structured indices. The ETF is authorized in Ireland and regulated by the Central Bank of Ireland, further supporting its non-complex classification under MiFID II Article 25(4)(a)(iv) and Article 57 of the Delegated Regulation[1][2]. All UCITS are automatically non-complex unless they are structured UCITS or employ complex portfolio management techniques, which is not the case here[1][3]."
}