{
    "fund_name": "iShares $ Corp Bond UCITS ETF",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the Markit iBoxx USD Liquid Investment Grade Index, which consists of liquid, investment-grade corporate bonds. While the KIID mentions the potential use of financial derivative instruments (FDIs) for direct investment purposes, the PRIIPs KID explicitly states the product structure is 'Physical'. There is no mention of synthetic replication, swaps, or leverage. The fund's risk profile is rated 5 (medium risk), and the underlying assets are straightforward investment-grade corporate bonds. The ETF is UCITS-compliant, which typically implies a higher standard of transparency and investor protection. The absence of complex features like capital protection, inverse strategies, or contingent convertible bonds further supports the non-complex classification.",
    "confidence": 95
}