{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "replication_method": "physical",
        "derivatives": false,
        "swaps": false,
        "leverage": false,
        "inverse": false,
        "complex_factors": [
            "ESG screening which may affect investment value compared to a non-ESG fund"
        ],
        "classification": "non-complex",
        "supporting_data": "The iShares $ Corp Bond 0-3yr ESG UCITS ETF EUR Hedged (Acc) is a UCITS ETF. It aims to replicate the performance of the Bloomberg Barclays MSCI US Corporate 0-3 Sustainable SRI Index. The investment policy states that the Fund passively manages and aims to invest in fixed income (FI) securities that make up the Index. The Index includes investment grade, fixed-rate, US Dollar denominated corporate bonds with a remaining maturity of up to three years and issued by companies that meet specific ESG criteria. The Fund may also use optimising techniques, which may include financial derivative instruments (FDIs), but only for efficient portfolio management (EPM) such as currency hedging. The key information document states that the Fund is rated two on the risk indicator scale, with explanations of credit risk, interest rate risk, and liquidity risk. It also mentions counterparty risk and credit risk as particular risks not adequately captured by the risk indicator, which are standard considerations for fixed income investments. Crucially, the ETF uses physical replication by holding the underlying securities of the index. Derivatives are mentioned for currency hedging, which is a form of EPM. The ESG screening, while a factor in the index construction, does not inherently make the ETF's structure complex for a retail investor to understand compared to the underlying bond market. The document does not indicate the use of complex derivatives for replication or any other complex structural features. Therefore, based on the provided information and MiFID II guidelines, the ETF is classified as non-complex."
    }
}