{
    "type": "ETF",
    "ucits": true,
    "fund_name": "SPDR Bloomberg 0-3 Year Euro Corporate Bond UCITS ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Fund is a UCITS-compliant ETF that tracks the Bloomberg Euro 0-3 Year Corporate Bond Index (GBP Hedged) using a stratified sampling physical replication method. There is no mention of synthetic replication, swap agreements, total return swaps, or derivative instruments used as part of the investment strategy. Derivatives are only used for efficient portfolio management (currency hedging), which does not trigger complexity under MiFID II. The Fund does not employ leverage, inverse or amplified exposure. The underlying assets are investment-grade, short-duration corporate bonds, which are liquid and straightforward fixed income securities. The risk profile is low (category 2 out of 7), consistent with a non-complex product. No capital protection or structured features are present. Costs are simple with a single ongoing charge (TER) of 0.25%, no performance fees, and no swap or derivative fees. The PRIIPs KID does not include any comprehension warnings or complexity flags. The monthly factsheet confirms physical replication via stratified sampling, no synthetic or swap usage, and a broad, liquid bond universe. Therefore, the ETF does not meet any MiFID II complexity criteria related to synthetic replication, leverage, complex underlying assets, or structured features."
}