{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": true,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "Currency hedging using FX forward contracts",
        "Securities lending activities",
        "Optimisation techniques for replication"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF primarily uses physical replication with optimisation techniques and FX forwards for currency hedging. While derivatives are used, they are for efficient portfolio management and hedging rather than for leverage or complex strategies. The underlying assets are straightforward investment-grade corporate bonds with clear risk profiles. The securities lending is standard practice and does not introduce significant complexity. The overall structure remains transparent and suitable for retail investors.",
    "confidence": 85
}