{
    "ucits": true,
    "type": "ETF",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": "None",
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS-compliant, physically replicated, passively managed fund tracking a transparent, ESG-screened bond index. It uses derivatives only for efficient portfolio management (EPM), not as a core strategy, and does not employ leverage, swaps, or inverse strategies. The structure, risks, and investment objective are straightforward and disclosed in the KID. The fund engages in securities lending, but this is a secondary, well-managed feature within UCITS rules and does not dominate the risk profile. There are no embedded derivatives, complex indices, or contingent convertible bonds. The ETF meets all MiFID II Article 57 criteria for non-complex instruments: frequent liquidity, no excess liability, no risk-altering clauses, no illiquidity from exit charges, and comprehensive, understandable public information. Therefore, it is classified as non-complex under MiFID II."
}