{
    "complex": false,
    "classification": "non-complex",
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "supporting_data": "The ETF is a physically replicated, UCITS-compliant fund that invests primarily in investment-grade corporate debt securities. It uses derivatives solely for efficient portfolio management and currency hedging, not for leverage or synthetic replication. The fund has a clear investment objective aligned with the Paris Agreement and tracks a well-defined benchmark (Solactive Paris Aligned Global Corporate USD Index). The risk profile is moderate (risk class 4), and there are no indications of complex structures such as leverage, inverse exposure, or synthetic replication. The KIID and factsheet confirm that derivatives are used only for EPM (Efficient Portfolio Management) and hedging, which does not trigger complexity under MiFID II. The fund's holdings are transparent, and the strategy is straightforward, focusing on sustainable corporate bonds.",
    "confidence": 95
}