{
    "complex": false,
    "leverage": false,
    "derivatives": true,
    "swaps": true,
    "inverse": false,
    "replication_method": "physical",
    "ucits": true,
    "type": "ETF",
    "complex_factors": [
        "Currency hedging using derivatives (FX forward contracts)",
        "Use of financial derivative instruments (FDIs) for direct investment purposes",
        "Counterparty risk from derivative usage"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF primarily uses physical replication for its core strategy (investing in inflation-linked government bonds) and only uses derivatives for currency hedging and potentially for efficient portfolio management. While derivatives are used, they are not for leverage or inverse exposure, and the overall structure remains transparent and understandable for retail investors. The risk profile is clearly disclosed, and the fund is UCITS-compliant, which typically indicates a non-complex classification under MiFID II. The use of derivatives here is for hedging and efficient portfolio management rather than creating a complex investment strategy.",
    "confidence": 85
}