{
    "ucits": true,
    "type": "ETF",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": "None",
    "classification": "non-complex",
    "supporting_data": "This UCITS ETF tracks a transparent, investment-grade corporate bond index using direct physical replication. Derivatives, if used, are limited to efficient portfolio management (EPM) for inflows/outflows or better index exposure, not as a core strategy. There is no significant leverage, no embedded derivatives, no swaps, and no inverse or complex features. The structure, risks, and objectives are straightforward and disclosed, making the ETF easily understandable for retail investors with basic knowledge. The UCITS regulatory framework and physical replication support a non-complex classification under MiFID II Article 25(4) and Delegated Regulation Article 57[1]. No complex factors such as contingent convertible bonds, leverage, swaps, or complex indices are present."
}