{
    "complex": false,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "ucits": true,
    "type": "ETF",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication with direct investments in transferable securities and/or other eligible assets representing the index constituents. While it may use derivatives for managing inflows/outflows and to achieve better exposure to index constituents, there is no indication of synthetic replication, leverage, inverse exposure, or complex structured products. The underlying index (Bloomberg MSCI Euro Aggregate Sustainable SRI Sector Neutral Index) is a bond index with investment-grade Euro-denominated securities, which is relatively straightforward. The risk profile is typical for a bond ETF, with no mention of capital protection mechanisms or barrier options. The ETF is UCITS-compliant, which typically implies a higher standard of transparency and investor protection. The fact sheet confirms the physical replication method and the absence of leverage or inverse strategies. The only potential complexity factor is the use of derivatives for efficient portfolio management, but this is common in many ETFs and does not necessarily make the product complex under MiFID II. The PRIIPs KID does not contain a comprehension warning, which further supports the non-complex classification.",
    "confidence": 90
}