{
    "complex": "non-complex",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "ucits": true,
    "type": "ETF",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the Bloomberg MSCI Global High Yield Liquid Corporate Climate Transition ESG Bond Index, which is a straightforward bond index. The KIID and PRIIPs documents confirm no leverage, inverse exposure, or synthetic replication. The fund uses derivatives only for currency hedging (FX forwards) and risk management, not for investment purposes. The underlying index consists of high-yield corporate bonds with ESG criteria, but this does not introduce complexity. The risk profile (category 4) is moderate, and the fund is UCITS-compliant, indicating suitability for retail investors. The fact sheet confirms physical replication and no swap usage beyond standard hedging.",
    "confidence": 95
}