{
    "fund_name": "iShares  Corp Bond ESG UCITS ETF",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": true,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "Currency hedging using FX forward contracts",
        "Securities lending activities",
        "ESG screening complexity"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF primarily uses physical replication to track the Bloomberg Barclays MSCI Euro Corporate Sustainable SRI Index. While it does use FX forward contracts for currency hedging and engages in securities lending, these activities are common in bond ETFs and do not significantly alter the risk profile. The ETF's main complexity comes from its ESG screening methodology, but this does not make it a complex financial instrument under MiFID II. The fund's risk profile is rated 3 out of 7, indicating moderate risk, and the use of derivatives is limited to hedging and efficient portfolio management rather than for leverage or inverse exposure. The fund is UCITS-compliant, which typically indicates a non-complex structure suitable for retail investors.",
    "confidence": 90
}