{
    "ucits": true,
    "type": "ETF",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": "None",
    "classification": "non-complex",
    "supporting_data": "The JPM EUR IG Corporate Bond Active UCITS ETF is a UCITS-compliant ETF, which is automatically classified as non-complex under MiFID II Article 25(4)(a)(iv), unless it is a structured UCITS or fails the Article 57 criteria[1]. The fund's objective is to actively invest primarily in investment grade Euro-denominated corporate debt securities, tracking the Bloomberg Euro Corporate Index. The fund may use derivatives for efficient portfolio management (EPM) purposes, but there is no indication that derivatives are integral to the investment strategy or that the fund uses synthetic replication, swaps, or leverage beyond UCITS limits. The fund does not hold contingent convertible bonds, structured products, or complex indices. The risks disclosed are standard for corporate bond funds (credit, interest rate, market risk) and do not include complex features such as embedded derivatives, significant counterparty risk, or opaque structures. The fund is traded on stock exchanges, providing frequent liquidity, and comprehensive information is publicly available. Therefore, the fund meets all criteria for non-complex classification under MiFID II[1]."
}