{
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The iShares $ Ultrashort Bond ESG UCITS ETF is a physically replicated ETF that tracks the iBoxx MSCI ESG USD Liquid Investment Grade Ultrashort Index. The fund uses physical replication and does not employ leverage, inverse strategies, or synthetic replication methods. While the KIID mentions the potential use of financial derivative instruments (FDIs) for direct investment purposes, it specifies that these are used in a limited capacity and primarily for optimization techniques rather than as a core strategy. The fund's risk profile is low (rated 2 out of 7), and it invests in straightforward, liquid, investment-grade ultrashort bonds. The ESG screening does not introduce complexity beyond standard exclusionary criteria. The fund's methodology is sampled but remains transparent and easily understandable. The absence of significant counterparty risk, leverage, or complex underlying assets supports the non-complex classification.",
    "confidence": 95
}