{
    "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 to track the Bloomberg Global Aggregate Treasuries Index, with no mention of synthetic replication, swaps, or leverage. The KIID and PRIIPs documents confirm this, with the factsheet explicitly stating 'Replication type: Physical'. The fund's objective is straightforward index tracking with minimal tracking error (<1%). While derivatives may be used for hedging or managing inflows/outflows, there's no indication of extensive or complex derivative usage. The underlying index consists of liquid, investment-grade bonds, and the fund's risk profile is clearly disclosed as low-to-moderate. No capital protection mechanisms or structured features are present. The PRIIPs document contains no comprehension warning, further supporting the non-complex classification.",
    "confidence": 95
}