{
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The iShares  Ultrashort Bond ESG UCITS ETF is a physically replicated ETF that tracks the iBoxx MSCI ESG GBP Liquid Investment Grade Ultrashort Index. The fund primarily invests in fixed income securities such as bonds, which are liquid and transparent. While the KIID mentions the potential use of financial derivative instruments (FDIs) for direct investment purposes, it does not indicate extensive or complex derivative usage. The fund's risk profile is low (rated 1), and it does not employ leverage, inverse strategies, or synthetic replication. The underlying assets are straightforward investment-grade bonds with clear ESG criteria. The fund's methodology is sampled but remains transparent and understandable. The absence of significant counterparty risk, leverage, or complex structured products supports the non-complex classification.",
    "confidence": 95
}