{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": true,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "Currency hedging using derivatives",
        "Securities lending"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF primarily uses physical replication to track the Bloomberg Barclays Euro Corporate Bond Index, which consists of investment-grade corporate bonds. While it does use derivatives for currency hedging (FX forward contracts) and securities lending, these are common practices in bond ETFs and do not significantly alter the fund's risk profile. The derivatives are used for efficient portfolio management rather than for leverage or complex strategies. The fund's risk profile is rated as medium (3/7), and the underlying assets are straightforward investment-grade corporate bonds. The KIID and PRIIPs documents do not contain any 'comprehension warnings' or indications that the product is unsuitable for retail investors. The use of derivatives is transparent and limited to hedging and securities lending, which are standard practices in bond ETFs.",
    "confidence": 90
}