{
    "complex": false,
    "leverage": false,
    "derivatives": true,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "ucits": true,
    "type": "ETF",
    "complex_factors": [
        "ESG screening complexity",
        "Currency hedging",
        "Sampling replication"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS-compliant, physically replicated ETF tracking an ESG-adjusted corporate bond index. While it uses derivatives for currency hedging (FX forwards) and employs sampling replication, these are standard practices in bond ETFs and do not introduce significant complexity. The index's ESG screening criteria are complex but do not make the ETF itself complex. The fund has no leverage, no inverse exposure, and no synthetic replication. The risk profile (category 4) is moderate and typical for corporate bond ETFs. The use of derivatives is limited to hedging and does not create additional complexity beyond what is expected in a bond ETF. The fund's transparency, liquidity, and straightforward investment objective align with non-complex MiFID II classification.",
    "confidence": 90
}