{
    "complex": false,
    "leverage": false,
    "derivatives": true,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "ucits": true,
    "type": "ETF",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication with stratified sampling and may use derivatives for currency hedging and portfolio optimization, but not for leverage or complex strategies. The primary risk factors are related to emerging market bonds and credit risk, which are typical for fixed-income ETFs. The fund is UCITS-compliant, has a clear risk profile (category 4), and does not employ leverage or inverse strategies. The use of derivatives is limited to hedging and efficient portfolio management, which does not trigger complexity under MiFID II.",
    "confidence": 90
}