{
    "fund_name": "iShares $ Short Duration Corp Bond UCITS EUR Hedged (Acc)",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication with sampled optimization techniques and limited use of financial derivative instruments (FDIs) primarily for currency hedging purposes. The underlying assets are straightforward investment-grade corporate bonds with clear credit quality criteria. While derivatives are mentioned, their use is limited and for specific purposes (currency hedging) rather than as a core investment strategy. The risk profile is moderate (rated 3 out of 7), and the fund provides regular liquidity with transparent holdings.",
    "confidence": 90,
    "risk_level": 3,
    "benchmark_complexity": "The Markit iBoxx USD Liquid Investment Grade 0-5 Index is a standard, transparent bond index with clear rules-based methodology, not considered complex.",
    "counterparty_risk": "Present but limited to standard hedging activities and securities lending with collateralization.",
    "liquidity": "High, with 2,744 holdings and daily trading on exchanges.",
    "cost_structure": "Simple, with a clear TER of 0.25% and no performance fees."
}