{
    "type": "ETF",
    "ucits": true,
    "fund_name": "SPDR Bloomberg Sterling 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 tracking the Bloomberg Sterling Corporate Bond Index, investing primarily in fixed-rate, investment-grade Sterling-denominated corporate bonds. The replication method is stratified sampling, a form of physical replication holding a representative subset of the index securities. The KIID and PRIIPs KID documents confirm that derivatives may be used only for efficient portfolio management (risk management), not as an inherent part of the investment strategy, and no synthetic replication or swap usage is indicated. There is no leverage, inverse exposure, or capital protection mechanism. The risk profile is medium (category 3-4 in KIID, 3 in PRIIPs KID), consistent with bond market risk but not indicative of complexity. The factsheet confirms no use of swaps or synthetic structures, a low TER (0.20%), and no performance fees. The index tracked is a broad, transparent corporate bond index with 942 constituents, no complex structured products or contingent bonds are held. No complexity flags such as contingent convertible bonds, leverage, or derivative-based replication are present. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}