{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "Complex ESG screening criteria",
        "Potential counterparty risk from securities lending",
        "Sampled replication methodology"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication and does not employ derivatives for investment purposes. While it uses sampling techniques and has ESG screening criteria that may add complexity, these do not meet the MiFID II thresholds for classification as a complex product. The securities lending activity is standard for bond ETFs and does not introduce significant additional risk. The risk profile is rated 3/7, indicating moderate risk, and the fund is UCITS-compliant, further supporting its non-complex classification.",
    "confidence": 90
}