{
    "type": "ETF",
    "ucits": true,
    "fund_name": "SPDR Bloomberg 0-3 Year Euro Corporate Bond UCITS ETF",
    "investment_objective": "Track the performance of the Euro denominated corporate bond market for fixed-rate, investment-grade securities with maturity less than 3 years",
    "primary_asset_class": "bond",
    "geographic_focus": "Eurozone / Euro denominated",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The Fund is a UCITS compliant ETF that physically invests in a representative sample of fixed-rate, investment-grade Euro denominated corporate bonds with maturities under 3 years. The KIID and PRIIPs KID explicitly state the Fund uses a stratified sampling strategy to build a representative portfolio, indicating physical replication rather than synthetic. The Fund may use financial derivatives only for efficient portfolio management (e.g., currency hedging) but not as an inherent part of the investment strategy, so derivatives are marked false. There is no mention of swap agreements, total return swaps, or counterparty risk exposure. The Fund does not employ leverage, inverse or amplified exposure. The risk profile is low (category 2 out of 7), consistent with a straightforward bond index tracking strategy. Costs are simple with no performance fees or swap fees. Securities lending is permitted up to 70% but this does not trigger complexity classification. No capital protection or structured features are present. The underlying assets are liquid, investment-grade bonds, not complex structured products or contingent convertible bonds. The PRIIPs KID does not include any comprehension warnings or complexity flags. Overall, the Fund exhibits none of the complexity indicators under MiFID II and is therefore classified as non-complex."
}