{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": true,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "Currency Hedging",
        "ESG Screening",
        "Broad Bond Exposure"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the Bloomberg MSCI Global Aggregate Sustainable and SRI Currency Neutral Index, which primarily invests in investment-grade bonds. While it uses derivatives for currency hedging, this is a common practice for reducing foreign exchange risk and does not introduce leverage or inverse exposure. The ETF's risk profile is classified as category 3 (moderate risk), and its use of derivatives is limited to efficient portfolio management rather than speculative strategies. The underlying index is broad-based and well-diversified, focusing on liquid, transparent securities. The ETF is UCITS-compliant, which implies adherence to strict regulatory standards for transparency and investor protection. The fact that it is physically replicated and does not employ complex structured products or capital protection mechanisms further supports its non-complex classification.",
    "confidence": 90
}