{
    "ucits": true,
    "type": "ETF",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": "None",
    "supporting_data": "The ETF is a UCITS-compliant, physically replicated fund tracking a transparent, investment-grade government bond index. Derivatives are used only for hedging and efficient portfolio management, not as a core strategy. There is no significant leverage, no use of swaps or synthetic replication, and no embedded derivatives or complex features. The structure, risks, and investment objective are straightforward and disclosed in plain language, supporting a non-complex classification under MiFID II Article 57 and the UCITS presumption.",
    "classification": "non-complex"
}