{
    "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 2029 Term $ Corp UCITS ETF is a physically replicated, fixed-income ETF tracking the Bloomberg MSCI December 2029 Maturity USD Corporate ESG Screened Index. Key points supporting the non-complex classification include: 1) Physical replication method with direct investment in underlying bonds; 2) No leverage or inverse exposure; 3) Derivatives are mentioned but stated to be used in a limited capacity for optimization purposes rather than as a core strategy; 4) The fund has a clear, straightforward investment objective of tracking a specific maturity corporate bond index; 5) Risk indicators and disclosures are standard for fixed-income products without unusual complexity; 6) The fund is UCITS compliant with standard risk management practices. While the KIID mentions the potential use of financial derivative instruments (FDIs), it explicitly states this use is expected to be limited and for optimization purposes rather than as a primary investment strategy. The fund's sampled methodology and ESG screening do not introduce complexity that would make it unsuitable for retail investors under MiFID II criteria.",
    "confidence": 95,
    "risk_level": 4,
    "counterparty_risk": true,
    "credit_risk": true,
    "liquidity_risk": true,
    "esg_screening": true,
    "defined_term": true
}