{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The iShares  Corp Bond ex-Financials 1-5yr ESG UCITS ETF is a physically replicated, passively managed fund that tracks the Bloomberg MSCI Euro Corporate ex-Financials 1-5 Year Sustainable SRI Index. The KIID and PRIIPs documents confirm that the fund primarily invests in fixed-income securities (bonds) and does not use derivatives for leverage or inverse exposure. While the fund may use financial derivative instruments (FDIs) for efficient portfolio management (e.g., to achieve similar returns to the index), this usage is not extensive or complex. The fund's risk profile is rated as '3' (medium risk), and the underlying assets are investment-grade corporate bonds with maturities between 1 and 5 years. The fund does not have capital protection mechanisms, leverage, or inverse exposure, and the underlying index is straightforward and transparent. The fund's use of derivatives is limited to optimizing returns and does not introduce significant additional risk or complexity. The fund is UCITS-compliant, which further supports its classification as non-complex.",
    "confidence": 95
}