{
    "fund_name": "SPDR Bloomberg U.S. Corporate Scored UCITS ETF (Acc)",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "Complex Index Construction",
        "ESG Screening Methodology"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication with a stratified sampling strategy to track the Bloomberg SASB Scored US Corporate Ex-Controversies Select Index. While the index has a complex ESG optimization process, the fund itself does not use derivatives for leverage or synthetic replication. The primary complexity factors are the index's ESG scoring methodology and optimization process, but these do not make the ETF itself complex under MiFID II. The fund's risk profile (category 4) is medium and aligns with its investment in investment-grade corporate bonds. The use of derivatives is limited to efficient portfolio management, not for leverage or inverse exposure. The fund is UCITS-compliant and has a straightforward structure with low ongoing charges (0.15%).",
    "confidence": 90
}