{
    "type": "ETF",
    "ucits": true,
    "fund_name": "SPDR Bloomberg 0-3 Year Euro 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 that tracks the Bloomberg 0-3 Year Euro Corporate Bond Index using a stratified sampling physical replication method. The KIID and PRIIPs KID documents confirm that the Fund primarily invests directly in fixed-rate, investment-grade Euro-denominated corporate bonds with maturities under 3 years. The Fund may use financial derivatives only for efficient portfolio management (EPM) purposes, 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 low (category 2 out of 7), consistent with direct investment in liquid, transparent securities. The factsheet confirms no use of swaps or synthetic replication and shows a large number of underlying bonds (over 1,500) with straightforward credit quality and sector breakdowns. Costs are simple with a TER of 0.20%, no performance fees, and no complex fee structures. No complexity flags such as contingent bonds, structured products, or significant counterparty risk disclosures are present. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}