{
    "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 direct investments in transferable securities to track the Bloomberg Euro Corporate Bond Index. While derivatives may be used for efficient portfolio management (EPM) such as handling inflows/outflows or improving index exposure, this does not constitute a primary strategy. The fund does not employ leverage, inverse strategies, or synthetic replication. The underlying assets are investment-grade corporate bonds, which are generally considered transparent and liquid. The risk profile is moderate (SRRI level not explicitly stated but implied to be mid-range), and the fund is UCITS-compliant, which typically aligns with non-complex classifications. The KIID and factsheet do not indicate any complex structures, capital protection mechanisms, or hard-to-understand risks.",
    "confidence": 95
}