{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The SPDR Bloomberg U.S. Corporate Scored UCITS ETF (Acc) is a UCITS-compliant ETF that seeks to track the Bloomberg SASB Scored US Corporate Ex-Controversies Select Index using a stratified sampling physical replication method. The KIID and PRIIPs KID explicitly state that the Fund may use derivatives only for efficient portfolio management, not as an inherent part of the investment strategy, and there is no mention of synthetic replication, swap agreements, or counterparty risk exposure. The factsheet confirms no securities lending and no leverage or inverse exposure. The underlying assets are investment grade U.S. corporate bonds, which are liquid and transparent fixed income securities without complex structured products or contingent convertible bonds. The risk profile is moderate (category 4), consistent with medium volatility but no complexity flags such as capital protection or structured features. Costs are straightforward with a low ongoing charge and no performance fees or swap fees. There is no indication of complex derivative usage or leverage. Therefore, under MiFID II criteria, this ETF is classified as non-complex because it uses physical replication, invests directly in liquid bonds, has minimal derivative use only for risk management, no leverage, and no complex underlying assets."
}