{
    "type": "ETF",
    "ucits": true,
    "fund_name": "SPDR Bloomberg Euro Government Bond UCITS ETF",
    "investment_objective": "Track the performance of the Eurozone government bond market by replicating the Bloomberg Euro Treasury Bond Index",
    "primary_asset_class": "bond",
    "geographic_focus": "Eurozone",
    "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 tracks the Bloomberg Euro Treasury Bond Index using a stratified sampling physical replication method. The KIID and PRIIPs KID documents confirm that derivatives may be used only for efficient portfolio management, not as an inherent part of the investment strategy, and no synthetic replication or swap agreements are mentioned. The fact sheet confirms physical holdings of Eurozone government bonds with no indication of leverage, inverse exposure, or complex underlying assets such as contingent convertible bonds or CLOs. The risk profile is medium-low (3 out of 7 in PRIIPs KID, 4 in KIID), consistent with a straightforward bond index tracking fund. Charges are simple with a low TER of 0.07%, no performance fees, and no swap or derivative fees. There are no capital protection or structured features. The Fund may engage in securities lending up to 70% of NAV, which is disclosed but does not trigger complexity classification. No counterparty risk from swaps or derivatives is disclosed. The index tracked is a broad, transparent, market-cap weighted Eurozone government bond index with 553 constituents, not a complex or structured index. No references to contango, backwardation, or roll costs are present. Overall, the Fund exhibits none of the MiFID II complexity indicators such as synthetic replication, leverage, complex underlying assets, or capital protection mechanisms. Therefore, it is classified as non-complex."
}