{
    "fund_name": "UBS (Lux) Fund Solutions - Bloomberg US Liquid Corporates 1-5 Year UCITS ETF (hedged to EUR) A-acc",
    "isin": "LU1048315243",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": true,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "Currency hedging using derivatives",
        "Potential for counterparty risk from derivative usage",
        "Complexity of underlying corporate bond market"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication with stratified sampling to track the Bloomberg US Liquid Corporates 1-5 Year Index. While it uses derivatives for currency hedging, this is a common practice in UCITS-compliant ETFs and doesn't significantly alter the risk profile. The fund invests in investment-grade corporate bonds with a moderate risk profile (risk category 4). The use of derivatives is limited to currency hedging and doesn't involve leverage or synthetic replication. The underlying index consists of liquid corporate bonds, and the fund's strategy is straightforward. The PRIIPs KID doesn't contain a comprehension warning, further supporting the non-complex classification.",
    "confidence": 90
}