{
    "complex": false,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "ucits": true,
    "type": "ETF",
    "complex_factors": null,
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication with sampling techniques to track the Bloomberg MSCI Global High Yield Liquid Corporate Climate Transition ESG Bond Index. While it may use derivatives for risk management, hedging, or generating additional income, these are not core to its strategy and do not introduce significant complexity. The underlying assets are high-yield corporate bonds, which are relatively straightforward fixed-income instruments. The risk level is categorized as 4, which is moderate, and there are no indications of leverage, inverse strategies, or capital protection features. The ESG focus does not inherently add complexity under MiFID II. The fund is UCITS-compliant, further supporting its non-complex classification.",
    "confidence": 90
}