{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF is classified as non-complex under MiFID II based on the following analysis: 1) It uses physical replication (direct investment in underlying securities) as indicated by the absence of synthetic replication language or swap references in the KIID and PRIIPs documents. 2) There is no evidence of leverage, inverse strategies, or capital protection mechanisms. 3) The investment strategy focuses on actively managing a portfolio of investment-grade corporate bonds with a maturity range of 1-5 years, which is a straightforward approach. 4) The risk profile is rated as medium (category 3), which aligns with the fund's stated objective and strategy. 5) The use of derivatives is limited to efficient portfolio management purposes (e.g., securities lending) and does not appear to introduce significant additional risk or complexity. 6) The fund is UCITS-compliant, which inherently imposes certain transparency and risk management standards. 7) The underlying assets (investment-grade corporate bonds) are liquid and transparent, and the fund's strategy is easily understandable by retail investors.",
    "confidence": 95
}