{
    "type": "ETF",
    "ucits": true,
    "fund_name": "SPDR Bloomberg 1-3 Month T-Bill UCITS ETF",
    "investment_objective": "To seek to provide investors with a total return, reflecting the return of the Bloomberg US Treasury Bills 1-3 Month Index.",
    "primary_asset_class": "bond",
    "geographic_focus": "United States",
    "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 physically replicates the Bloomberg US Treasury Bills 1-3 Month Index using a stratified sampling strategy. The underlying assets are short-term US Treasury Bills with maturities between 1 and 3 months, all investment grade and highly liquid. There is no mention of synthetic replication, swap agreements, or derivative instruments used as part of the investment strategy, only limited use of derivatives for efficient portfolio management and currency hedging, which does not trigger complexity. The Fund does not employ leverage, inverse exposure, or capital protection mechanisms. Risk profile is very low (category 1 out of 7), consistent with the nature of the underlying assets. Fees are straightforward with a low TER of 0.10%, no performance fees, and no complex fee structures. The PRIIPs KID does not contain any comprehension warnings or complexity flags. The factsheet confirms physical holdings of Treasury Bills and no use of swaps or complex structured products. Overall, the Fund exhibits a clear, linear relationship to the underlying index performance, with minimal derivative exposure used only for risk management, thus it is classified as non-complex under MiFID II."
}