{
    "type": "ETF",
    "ucits": true,
    "fund_name": "SPDR Bloomberg 1-10 Year U.S. Corporate Bond UCITS ETF",
    "investment_objective": "Track the performance of the Bloomberg U.S. Intermediate Corporate Bond Index",
    "primary_asset_class": "Bond",
    "geographic_focus": "U.S. Dollar-denominated corporate bonds",
    "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 an investment-grade U.S. corporate bond index using a stratified sampling physical replication method. The KIID and PRIIPs KID documents confirm that derivatives may be used 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. The factsheet confirms no use of swaps or leverage, and the Fund invests directly in fixed-rate, investment-grade bonds with maturities between 1 and 10 years. The risk profile is moderate (risk category 4 in KIID, 2 in PRIIPs KID), consistent with bond market risk but not indicative of complexity. Costs are straightforward with no performance fees or swap fees. There are no capital protection or structured product features. The index tracked is a broad, liquid, investment-grade bond index without complex derivatives embedded. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}