{
    "type": "ETF",
    "ucits": true,
    "fund_name": "SPDR Bloomberg 10+ Year U.S. Corporate Bond UCITS ETF",
    "investment_objective": "Track the performance of the long maturity, fixed-rate, investment-grade U.S. Dollar-denominated corporate bond market via the Bloomberg U.S. 10+ Year Corporate Bond Index",
    "primary_asset_class": "bond",
    "geographic_focus": "United States primarily",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS-compliant bond ETF that tracks the Bloomberg U.S. 10+ Year Corporate Bond Index using a stratified sampling physical replication method. There is no mention of synthetic replication, swap agreements, or total return swaps. The Fund may use derivatives only for efficient portfolio management, which does not trigger complexity under MiFID II. There is no leverage, inverse or amplified exposure. The underlying assets are investment-grade, fixed-rate corporate bonds with long maturities, which are liquid and transparent. The risk profile is medium to high (risk category 4-6 in KIID and PRIIPs), reflecting bond market risks, but not complexity from derivatives or structured products. Costs are straightforward with a low TER (0.12%) and no performance fees. No capital protection or structured features are present. The PRIIPs KID does not include any comprehension warnings or complexity flags. The factsheet confirms no use of swaps or synthetic replication and shows a large number of holdings with a representative sampling approach. Overall, the ETF exhibits a clear, linear relationship to the underlying index performance and invests directly in liquid bonds, making it non-complex under MiFID II."
}