{
    "type": "ETF",
    "ucits": true,
    "fund_name": "SPDR Bloomberg Euro Corporate Bond UCITS ETF",
    "investment_objective": "Track the performance of the Bloomberg Euro Corporate Bond Index, which consists of fixed-rate, investment-grade Euro-denominated corporate bonds.",
    "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 uses a stratified sampling physical replication method to track the Bloomberg Euro Corporate Bond Index, investing primarily in fixed-rate, investment-grade Euro-denominated corporate bonds. There is no mention of synthetic replication, swap agreements, or total return swaps. The Fund may use derivatives only for efficient portfolio management in exceptional circumstances, which does not constitute inherent derivative exposure. There is no leverage, inverse or amplified exposure. The risk profile is moderate (category 3 in KIID, 2 in PRIIPs KID), consistent with investment grade bond risk, and no capital protection or structured features are present. Costs are straightforward with a TER of 0.12%, no performance fees, and no swap or derivative fees. The fact sheet confirms physical holdings with no indication of complex underlying assets such as contingent convertible bonds or CLOs. No counterparty risk or collateral management risks are disclosed beyond normal market risks. The PRIIPs KID does not include any comprehension warnings or complexity flags. Overall, the ETF exhibits a clear, linear relationship to the underlying index performance and invests directly in liquid, transparent securities, supporting a non-complex classification under MiFID II."
}