{
    "complex": false,
    "leverage": false,
    "derivatives": true,
    "swaps": true,
    "inverse": false,
    "replication_method": "physical",
    "ucits": true,
    "type": "ETF",
    "complex_factors": [
        "Currency hedging using derivatives",
        "Use of financial derivative instruments (FDIs) for investment purposes"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF primarily uses physical replication to track the FTSE World Broad Investment-Grade USD Multilateral Development Bank Bond Capped Index. While it does use financial derivative instruments (FDIs) for currency hedging and potentially for investment purposes, these are standard practices in UCITS-compliant ETFs and do not introduce significant complexity. The fund's risk profile is rated 3, indicating a moderate level of risk, and the underlying assets are investment-grade bonds issued by multilateral development banks, which are generally considered low-risk. The use of derivatives is for efficient portfolio management and hedging, not for leverage or inverse exposure. The ETF is UCITS-compliant and is designed to be transparent and suitable for retail investors.",
    "confidence": 90
}