{
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "ucits": true,
    "type": "ETF",
    "complex_factors": "None",
    "classification": "non-complex",
    "supporting_data": "This UCITS ETF is physically replicated, does not use leverage, does not employ swaps or derivatives as a core part of its investment strategy, and is UCITS-compliant. The fund invests primarily in below investment grade corporate debt securities, which are straightforward bonds, not structured products or derivatives. The use of derivatives is limited to efficient portfolio management (EPM) purposes, such as currency hedging, and does not introduce significant counterparty or collateral risk. The structure, risks, and investment objective are transparent and can be understood by retail investors with basic knowledge. The fund does not track a complex or opaque index, nor does it hold contingent convertible bonds or other instruments that would make its risk profile difficult to understand. Therefore, it meets all criteria for non-complex classification under MiFID II Article 57 and the UCITS presumption[1][2]."
}