{
    "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, reducing costs, or generating additional capital or income, this is explicitly stated as not being a core part of its investment strategy. The fund does not employ leverage, inverse strategies, or synthetic replication. The underlying assets are high-yield corporate bonds, which, while carrying credit risk, are not inherently complex instruments. The risk profile is rated at level 4, which is moderate, and the fund is UCITS-compliant, further supporting its classification as non-complex. The KIID does not indicate any features that would typically classify the fund as complex under MiFID II, such as capital protection mechanisms, structured products, or significant counterparty risk.",
    "confidence": 90
}