{
    "complex": false,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "ucits": true,
    "type": "ETF",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The SPDR Bloomberg 10+ Year U.S. Treasury Bond UCITS ETF is a physically replicated ETF that tracks the Bloomberg U.S. 10+ Year Treasury Bond Index. The KIID and fact sheet confirm that the fund uses a 'stratified sampling' replication method, which is a form of physical replication. There is no mention of synthetic replication, swaps, or derivative instruments in the investment strategy. The fund invests directly in U.S. Treasury bonds, which are liquid and transparent securities. The risk profile is rated as category 6, which is relatively high due to the nature of long-dated bonds (interest rate sensitivity), but this does not indicate complexity in the fund's structure. The fund is UCITS-compliant and has a straightforward investment objective. The fact sheet also confirms that the fund does not use derivatives for leverage or inverse exposure. Therefore, the fund does not exhibit any of the complexity indicators under MiFID II.",
    "confidence": 95
}