{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "Complex Index (Bloomberg MSCI December 2034 Maturity USD Corporate ESG Screened Index)",
        "Defined Term Fund Structure (Terminated on 02/12/2034)",
        "Potential for ESG Screening to Impact Investment Universe"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF is classified as non-complex under MiFID II for the following reasons: 1) It uses physical replication (as confirmed in the fact sheet) with no leverage, inverse exposure, or synthetic replication via swaps. 2) The primary complexity factors are the defined-term structure and the ESG-screened index, but these do not inherently make the product complex for retail investors. 3) The risk profile (rated 4/7) is moderate, and the fund's strategy is straightforward: tracking a fixed-income index with investment-grade corporate bonds. 4) The use of derivatives is limited to efficient portfolio management (e.g., optimisation techniques) and does not introduce material complexity. 5) The PRIIPs KID does not include a comprehension warning, further supporting the non-complex classification.",
    "confidence": 90
}