{
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication with sampled replication, which is a standard and non-complex method. While derivatives may be used for efficient portfolio management (EPM) such as handling inflows/outflows or improving index exposure, this does not inherently make the ETF complex under MiFID II. The underlying assets are straightforward government bonds from developed markets, and there is no leverage, inverse exposure, or synthetic replication. The risk profile is moderate (SRRI 3), and the fund is UCITS-compliant, further supporting its non-complex classification.",
    "confidence": 95
}