{
    "fund_name": "iShares iBonds Dec 2027 Term  CorpEUR (Acc)",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "Term structure complexity",
        "ESG screening",
        "Fixed income focus"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the Bloomberg MSCI December 2027 Maturity EUR Corporate ESG Screened Index, which consists of investment-grade corporate bonds maturing between 2027 and 2028. The fund does not use derivatives for leverage or inverse exposure, and its risk profile is rated as low (3/7). The primary complexity factors are the term structure of the underlying bonds and the ESG screening criteria, but these do not meet MiFID II's criteria for complexity. The fund is UCITS-compliant and suitable for retail investors.",
    "confidence": 90
}