{
    "type": "ETP",
    "ucits": false,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Cordillera Core Balanced Strategy ETP is physically replicated and tracks a diversified portfolio of 16 ETFs/ETCs. The KIID and factsheet explicitly state that it uses physical replication with no derivatives or swaps. The underlying index is transparent, and the ETP holds the constituent ETFs directly. The risk indicator is 3 out of 7, indicating medium-low risk. There are no mentions of leverage, inverse strategies, or complex structures. The product is designed for retail investors with a clear investment objective and straightforward fee structure.",
    "confidence": 95
}