{
    "type": "ETF",
    "ucits": true,
    "fund_name": "SPDR Bloomberg 0-3 Year U.S. Corporate Bond UCITS ETF",
    "investment_objective": "Track the performance of the Bloomberg 0-3 Year US Corporate Bond Index, which includes fixed-rate, investment-grade U.S. Dollar-denominated corporate bonds with maturities less than 3 years.",
    "primary_asset_class": "bond",
    "geographic_focus": "United States primarily",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Fund uses a stratified sampling physical replication method to track the Bloomberg 0-3 Year US Corporate Bond Index, investing primarily in fixed-rate, investment-grade corporate bonds with maturities under 3 years. The KIID and PRIIPs KID confirm the Fund is UCITS compliant and does not employ synthetic replication or total return swaps. Derivatives are only used, if at all, for efficient portfolio management, not as an inherent part of the investment strategy, so derivatives exposure is minimal and not complexity-driving. There is no leverage, inverse or amplified exposure. The risk profile is moderate to low (risk category 2-3 in KIID, 2 in PRIIPs KID), consistent with a straightforward bond index tracking ETF. No capital protection or structured features are present. Costs are simple with a TER of 0.12%, no performance fees, and no swap or derivative fees. The underlying assets are liquid, investment-grade corporate bonds, with no complex structured products or contingent convertible bonds. No significant counterparty risk or collateral management risks are disclosed. The Fund\u2019s risk disclosures focus on credit risk, interest rate risk, liquidity risk, and tracking error, typical for a bond ETF. The monthly factsheet confirms no use of swaps or synthetic replication, and the index tracked is a broad, transparent, total return corporate bond index. There are no references to complex indices, leverage, or capital protection mechanisms. The PRIIPs KID does not carry any comprehension warnings or complexity flags. Overall, the Fund\u2019s structure and documentation indicate a non-complex ETF under MiFID II criteria."
}