{
    "ucits": true,
    "type": "ETF",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The asset is a UCITS ETF investing primarily in fixed income securities that compose the Bloomberg MSCI Euro Corporate Climate Paris Aligned ESG Select Index. It uses physical replication with optimization techniques to track the index, investing directly in bonds rather than relying on synthetic replication or derivatives integral to the investment objective. The Fund may use financial derivative instruments only for direct investment purposes but does not embed derivatives as a core strategy, and derivative use is limited and likely for efficient portfolio management. Securities lending is employed but managed within UCITS rules and does not dominate the risk profile. There is no significant leverage beyond UCITS limits. The underlying index is transparent and based on fixed income securities with ESG criteria, which supports non-complexity. The risk profile is moderate (risk category 3/7), reflecting market and credit risk typical of corporate bond funds, not structural complexity. According to MiFID II Article 25(4)(a)(iv) and Article 57 criteria, UCITS ETFs that do not embed derivatives or complex structures are automatically non-complex. The ETF does not hold structured products like CLOs or convertible bonds, which would trigger complexity. Therefore, this UCITS ETF is classified as non-complex under MiFID II."
}