{
    "type": "ETF",
    "ucits": true,
    "fund_name": "SPDR Bloomberg 10+ Year U.S. Treasury Bond UCITS ETF",
    "investment_objective": "Track the performance of the Bloomberg U.S. 10+ Year Treasury Bond 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 U.S. 10+ Year Treasury Bond Index using a stratified sampling strategy. The Fund invests primarily in fixed-rate, investment-grade U.S. Treasury bonds with maturities over 10 years. There is no mention of synthetic replication, swap agreements, or derivative instruments used as part of the investment strategy, except for limited use of derivatives solely for efficient portfolio management, which does not trigger complexity under MiFID II. The Fund does not employ leverage, inverse exposure, or capital protection mechanisms. The risk profile is medium (risk category 4-6 depending on document), consistent with bond market volatility but without complexity flags such as contingent bonds or structured products. The fact sheet confirms physical holdings of 88 U.S. Treasury bonds, no complex underlying assets, and no use of swaps or leverage. Costs are straightforward with a TER of 0.15%, no performance fees, and no swap fees. The PRIIPs KID does not include any comprehension warnings or complexity flags. Overall, the Fund exhibits a clear, linear relationship to the underlying index performance, invests in liquid, transparent securities, and uses physical replication, all indicating a non-complex classification under MiFID II."
}