{
    "complex": false,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "ucits": true,
    "type": "ETF",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The VanEck iBoxx EUR Corporates UCITS ETF is a physically replicated, UCITS-compliant ETF that tracks the iBoxx SD-KPI EUR Liquid Corporates Index. It uses full physical replication (or optimized sampling where full replication is impractical) and does not employ leverage, inverse strategies, or synthetic replication. The fund's risk profile is moderate (risk level 4), and it invests in liquid, investment-grade corporate bonds. There are no indications of complex underlying assets, capital protection mechanisms, or structured features. The fund's derivative usage is limited to efficient portfolio management (EPM), which does not trigger complexity under MiFID II. The KIID and factsheet confirm the absence of swaps, leverage, or other complex instruments.",
    "confidence": 95
}