{
    "name": "SPDR Bloomberg Euro Government Bond UCITS ETF",
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The SPDR Bloomberg Euro Government Bond UCITS ETF is classified as non-complex under MiFID II regulations. The fund uses physical replication via stratified sampling to track the Bloomberg Euro Treasury Bond Index, which consists of Eurozone government bonds. The KIID and factsheet indicate no use of leverage, inverse strategies, or synthetic replication. While the fund may use financial derivative instruments for efficient portfolio management, this is explicitly stated to be for operational purposes rather than as a core strategy, and there is no indication of extensive or complex derivative usage. The risk profile is rated at level 4, which is moderate and typical for bond ETFs. The underlying assets are straightforward government bonds, and there are no capital protection mechanisms or structured features. The fund is UCITS-compliant, which further supports its classification as non-complex.",
    "confidence": 95
}