{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "replication_method": "physical",
        "derivatives": false,
        "swaps": false,
        "leverage": false,
        "inverse": false,
        "complex_factors": [
            "ESG screened index, Term of investment"
        ],
        "classification": "non-complex",
        "supporting_data": "The ETF aims to track the Bloomberg MSCI December 2026 Maturity EUR Corporate ESG Screened Index. It invests in fixed income securities that make up the index and comply with its credit rating requirements. The index measures investment grade, fixed rate, US Dollar denominated corporate bonds maturing between 01/01/2026 and 15/12/2026, excluding issuers based on ESG criteria. The fund is passively managed and uses optimizing techniques to achieve similar returns to its index. It does not appear to use derivatives for replication or investment objectives, as the phrasing 'may use FDIs for direct investment purposes' is vague and not indicative of central strategy. Securities lending is mentioned as a secondary activity for income generation, with clear revenue sharing arrangements, which does not automatically trigger complexity. The fund has a defined maturity date, which is unusual for ETFs but does not inherently make it complex from a MiFID II perspective; it simply means investors should not withdraw before this date. The index is ESG screened, which adds a layer of screening to the underlying assets but does not make the ETF's structure complex. The primary risks mentioned are credit risk, interest rate risk, and liquidity risk, which are standard for fixed income investments. There are no indications of leverage, embedded derivatives, or complex payoff structures. The reference to the 'Term of investment' and the specific maturity date means it is not suitable for short-term investors, but this is a suitability consideration rather than a complexity classification."
    }
}