{
    "type": "ETF",
    "ucits": true,
    "fund_name": "SPDR Bloomberg 10+ Year Euro Government Bond UCITS ETF",
    "investment_objective": "Track the performance of the Bloomberg Euro 10+ Year Treasury Bond Index, representing long-dated Eurozone government bonds with maturity over 10 years, fixed rate and investment grade.",
    "primary_asset_class": "bond",
    "geographic_focus": "Eurozone government bonds",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS compliant fund that physically replicates the Bloomberg Euro 10+ Year Treasury Bond Index using a stratified sampling strategy. There is no mention of synthetic replication, swap agreements, total return swaps, or derivative instruments used as part of the investment strategy, only limited use of derivatives for efficient portfolio management in exceptional circumstances, which does not constitute inherent derivative exposure. The fund does not employ leverage, inverse or amplified return strategies. The underlying assets are fixed rate, investment grade Eurozone government bonds, which are liquid and transparent. The risk profile is medium (risk category 4-5 in PRIIPs and 5 in KIID), consistent with bond market risk but without complexity flags such as capital protection or structured features. Costs are straightforward with a low TER of 0.15%, no performance fees, and no swap or derivative fees. The PRIIPs KID does not include any comprehension warnings or complexity disclaimers. The monthly factsheet confirms physical replication, no synthetic or swap usage, and a straightforward bond index exposure. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}