{
    "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 / Europe",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS compliant bond ETF that tracks the Bloomberg Euro 0-3 Year Corporate Bond Index (USD Hedged). It uses a stratified sampling physical replication method to build a representative portfolio of investment-grade, fixed-rate Euro-denominated corporate bonds with maturities under 3 years. The KIID and PRIIPs KID explicitly state that the Fund may use financial derivative instruments only for efficient portfolio management, not as an inherent part of the investment strategy, so derivatives are not considered a complexity driver here. There is no mention of synthetic replication, swap agreements, or counterparty risk exposure. The Fund does not employ leverage, inverse or amplified exposure. The risk rating is low (category 2 out of 7), consistent with a straightforward bond index tracking strategy. The Fund may lend securities up to 70%, but securities lending is a common practice and does not itself trigger complexity classification. No capital protection or structured features are present. Costs are simple with a single ongoing charge of 0.25%, no performance fees, and no swap or derivative fees. The underlying assets are liquid, investment-grade bonds, not complex structured products or contingent convertible bonds. The benchmark index is a standard Bloomberg corporate bond index without complex features. No PRIIPs comprehension warnings or complexity flags are present. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}