{
    "fund_name": "iShares $ Short Duration Corp Bond UCITS",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "Physical replication with limited derivative usage for efficient portfolio management",
        "Investment in investment-grade corporate bonds with short duration (0-5 years)",
        "No leverage or inverse exposure",
        "No capital protection mechanisms or structured features"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication as its primary method, with limited derivative usage for efficient portfolio management (e.g., optimising techniques to achieve similar returns to the index). The underlying assets are investment-grade corporate bonds with short durations, which are relatively straightforward and transparent. There is no leverage, inverse exposure, or capital protection mechanisms. The risk profile is rated as '3' (medium risk), and the ETF is suitable for medium to long-term investment. The use of derivatives is expected to be limited and is not a significant factor in the fund's complexity. The ETF is UCITS-compliant, which typically indicates a higher level of transparency and investor protection. The PRIIPs KID does not contain a comprehension warning, further supporting the non-complex classification.",
    "confidence": 95
}