{
    "complex": false,
    "leverage": false,
    "derivatives": true,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "ucits": true,
    "type": "ETF",
    "complex_factors": [
        "ESG screening criteria may add complexity for some investors",
        "Currency hedging using derivatives adds minor complexity",
        "Securities lending program introduces counterparty risk"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication for its core investment strategy, tracking a corporate bond index with ESG screening. While it uses derivatives for currency hedging and securities lending, these are standard practices in bond ETFs and don't significantly alter the risk profile. The fund has a straightforward fixed income focus with no leverage or inverse strategies. The complexity factors are minimal and typical for bond ETFs, making this a non-complex product under MiFID II.",
    "confidence": 90
}