{
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The iShares iBonds Dec 2028 Term $ Corp USD ETF is a physically replicated, UCITS-compliant fund tracking a Bloomberg MSCI USD Corporate ESG Screened Index. It uses physical replication (sampling) to track its benchmark and does not employ leverage, inverse strategies, or synthetic replication. The fund's primary risks are credit risk, interest rate risk, and liquidity risk, which are typical for fixed-income ETFs. The KIID and factsheet do not indicate the use of derivatives beyond standard efficient portfolio management (EPM) for securities lending. The fund's risk profile (rated 4) is consistent with its investment in corporate bonds, and there are no indications of complex underlying assets or structured features. The ESG screening and term structure do not introduce additional complexity under MiFID II rules.",
    "confidence": 95
}