{
    "fund_name": "iShares $ Short Duration Corp Bond UCITS EUR Hedged (Acc)",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": true,
    "swaps": true,
    "inverse": false,
    "complex_factors": [
        "FX hedging using derivatives",
        "Securities lending",
        "Counterparty risk from derivatives"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF primarily uses physical replication for its core investment strategy, tracking the Markit iBoxx USD Liquid Investment Grade 0-5 Index. While it does use derivatives for FX hedging and securities lending, these are common practices in bond ETFs and do not significantly alter the fund's risk profile. The derivatives usage is for efficient portfolio management rather than for leverage or complex strategies. The fund's risk profile (rated 3/7) and the underlying index composition (short-duration investment-grade corporate bonds) suggest a straightforward investment approach suitable for retail investors. The PRIIPs KID confirms the fund's physical replication method and does not contain a comprehension warning, further supporting the non-complex classification.",
    "confidence": 90
}