{
    "type": "ETF",
    "ucits": true,
    "fund_name": "SPDR Bloomberg 3-5 Year Euro Government Bond UCITS ETF",
    "investment_objective": "Track the performance of Eurozone government bonds with remaining maturity between 3 and 5 years",
    "primary_asset_class": "bond",
    "geographic_focus": "Eurozone",
    "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 tracks the Bloomberg Euro 3-5 Year Treasury Bond Index using a stratified sampling physical replication method. The KIID and PRIIPs KID documents confirm that the Fund may use derivatives only for efficient portfolio management, not as an inherent part of the investment strategy, and no synthetic replication or swap usage is indicated. The fact sheet confirms replication by stratified sampling with no mention of swaps or synthetic structures. There is no leverage, inverse exposure, or capital protection features. The risk rating is moderate to low (3 in KIID, 2 in PRIIPs KID), consistent with a straightforward bond index tracking fund. Costs are simple with a TER of 0.15%, no performance fees, and no complex fee structures. The underlying assets are liquid Eurozone government bonds with no complex structured products or contingent bonds. No counterparty risk or collateral management risks are disclosed beyond normal market risks. There is no mention of roll costs, contango, or backwardation effects. Overall, the Fund exhibits characteristics of a non-complex financial instrument under MiFID II."
}