{
    "fund_name": "iShares Global Corp Bond UCITS ETF USD Hedged (Acc)",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": true,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "Currency hedging using FX forward contracts",
        "Use of financial derivative instruments (FDIs) for direct investment purposes",
        "Counterparty risk from derivative counterparties"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF primarily uses physical replication to track the Bloomberg Barclays Global Aggregate Corporate Bond Index. While it mentions the use of financial derivative instruments (FDIs) for direct investment purposes and currency hedging via FX forward contracts, these are standard practices in bond ETFs and do not introduce significant complexity. The fund does not use leverage, inverse strategies, or synthetic replication. The risk profile is rated 4 (medium risk), which is typical for corporate bond ETFs. The use of derivatives is for efficient portfolio management and hedging, not for speculative purposes. The underlying index consists of investment-grade corporate bonds, which are relatively straightforward and transparent. The ETF is UCITS-compliant, indicating it meets regulatory standards for retail investor suitability. The primary complexity factors are the use of derivatives for hedging and the potential counterparty risk, but these are not sufficient to classify the ETF as complex under MiFID II.",
    "confidence": 90
}