{
    "ucits": true,
    "type": "ETF",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": "None identified",
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS-compliant, physically replicated fund tracking a transparent, ESG-screened corporate bond index. It uses optimising techniques and may use financial derivative instruments (FDIs) for efficient portfolio management (EPM), but there is no evidence that derivatives are central to the investment strategy or introduce significant counterparty or collateral risk. Securities lending is present but is a secondary, well-managed feature within UCITS rules. The fund does not use significant leverage, synthetic replication, or embedded derivatives. The structure, risks, and investment objective are straightforward and disclosed, supporting the presumption that a retail investor with basic knowledge can understand the product. No complex features such as contingent convertible bonds, swaps, or complex indices are present. The fund is suitable for medium- to long-term investment and is rated as a medium-risk (3/7) product, reflecting market risk rather than structural complexity."
}