{
    "success": true,
    "data": {
        "complex": false,
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "ucits": true,
        "type": "ETF",
        "complex_factors": [
            "No embedded derivatives or significant synthetic replication.",
            "Tracks a transparent index (Bloomberg MSCI December 2032 Maturity USD Corporate ESG Screened Index).",
            "Physical replication method.",
            "Objectives and investment policy are clearly stated and readily understandable."
        ],
        "classification": "non-complex",
        "supporting_data": "The iShares iBonds Dec 2032 Term $ CorpUSD Accu ETF is a UCITS ETF passively managed to replicate the Bloomberg MSCI December 2032 Maturity USD Corporate ESG Screened Index.  The fund uses optimizing techniques to mirror the indexu2019s performance and the method of replication is physical, not synthetic.  There is no mention of significant leverage, derivative usage for anything other than efficient portfolio management, or structured instruments that could make the fund complex.  The ETF's investment policy and methodology are transparent, aligning with the criteria for non-complexity.  The maturity date is clear and part of the strategy, with no indication of any capital protection or contingent elements that could cause investor confusion or require advanced knowledge."
    }
}