{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the FTSE World Broad Investment-Grade USD Multilateral Development Bank Bond Capped Index. The KIID and PRIIPs documents confirm no leverage, inverse strategies, or synthetic replication via swaps. The underlying assets are investment-grade bonds from multilateral development banks, which are relatively straightforward and transparent. The risk profile is rated 3 (moderate), and the fund uses derivatives only for efficient portfolio management (e.g., optimising techniques), not for speculative or complex strategies. The absence of counterparty risk warnings or structured features further supports the non-complex classification. The PRIIPs KID does not include a comprehension warning, reinforcing the simplicity of the product.",
    "confidence": 95
}