{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": true,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "Use of derivatives for efficient portfolio management",
        "Counterparty risk from securities lending"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication as its primary method (as stated in the factsheet) and tracks the Bloomberg MSCI Global Green Bond 1-10 Year Index. While it does use derivatives (as mentioned in the KIID), these are likely for efficient portfolio management (e.g., securities lending) rather than as an inherent part of the strategy. The KIID and factsheet do not indicate leverage, inverse exposure, or synthetic replication. The risk profile is straightforward (risk level 3), and the underlying assets (green bonds) are relatively transparent. The use of derivatives is limited to securities lending, which is common in ETFs and does not significantly alter the risk profile. The ETF is UCITS-compliant, which typically implies a higher standard of transparency and investor protection. The factsheet mentions counterparty risk from securities lending, but this is a standard risk in physically replicated ETFs and does not necessarily indicate complexity. The absence of leverage, inverse strategies, or synthetic replication supports the classification as non-complex.",
    "confidence": 85
}