{
    "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 2027 Term EUR Corp ESG Screened UCITS ETF is a physically replicated, non-leveraged ETF tracking a straightforward corporate bond index with ESG screening. The KIID and factsheet indicate it uses physical replication ('optimizing techniques' and 'may use FDIs for direct investment purposes'), has no leverage or inverse exposure, and does not employ synthetic replication or derivatives for anything beyond potential securities lending (which is explicitly excluded from ongoing charges and thus not a cost to investors). The underlying index is a standard investment-grade corporate bond index with clear ESG exclusions, and the fund's risk profile (rated 3 out of 7) reflects typical fixed-income risks without additional complexity. The absence of counterparty risk warnings beyond standard custodial risks further supports the non-complex classification.",
    "confidence": 95
}