{
    "type": "ETF",
    "ucits": true,
    "fund_name": "SPDR Bloomberg U.S. TIPS UCITS ETF",
    "investment_objective": "Track the Bloomberg U.S. Government Inflation-Linked Bond Index (U.S. inflation-linked government bonds, TIPS)",
    "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 tracks the Bloomberg U.S. Government Inflation-Linked Bond Index using a stratified sampling physical replication method. 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 portfolio management efficiency, which does not trigger complexity. The Fund does not employ leverage, inverse or amplified exposure. The underlying assets are investment grade U.S. Treasury inflation-linked bonds (TIPS), which are liquid and transparent fixed income securities. There are no capital protection or structured product features. The risk profile is moderate (risk category 3-4), consistent with a bond ETF, and no extensive counterparty risk or derivative risk disclosures are present. Costs are straightforward with a low TER (0.17%) and no performance fees or swap fees. The PRIIPs KID confirms a medium-low risk rating (3/7) and no complexity warnings or comprehension alerts. The factsheet confirms physical stratified sampling replication, no use of swaps, and a simple underlying index of inflation-linked government bonds. Overall, the ETF exhibits none of the MiFID II complexity triggers such as synthetic replication, leverage, complex underlying assets, or capital protection mechanisms, leading to a non-complex classification."
}