{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares $ Asia Investment Grade Corp Bond UCITS ETF USD (Acc)",
    "investment_objective": "To track the iBoxx USD Asia ex-Japan Corporates Investment Grade ESG Screened Index, investing primarily in USD denominated investment grade corporate bonds across Asia ex-Japan region with ESG screening.",
    "primary_asset_class": "bond",
    "geographic_focus": "Asia ex-Japan",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS-compliant bond ETF physically replicating a USD investment grade corporate bond index focused on Asia ex-Japan. The fund uses sampling and optimisation techniques to track the index but does not employ synthetic replication or swap agreements. The KIID and PRIIPs KID explicitly mention the possible use of financial derivative instruments (FDIs) only for direct investment purposes, not as an inherent part of the replication strategy, indicating derivatives are used for risk management rather than core exposure. There is no mention of funded or unfunded swaps, counterparty exposure related to swaps, or leverage. The risk profile is low to medium (risk level 3 in KIID, 2 in PRIIPs KID), consistent with a straightforward bond ETF. The fund does engage in short-term securities lending, but this does not add complexity under MiFID II. The monthly factsheet confirms physical sampling methodology and no synthetic replication or leverage. The underlying assets are investment grade corporate bonds, liquid and transparent, with no contingent convertible bonds or complex structured products. No capital protection or structured features are present. Costs are simple with a TER of 0.20%, no performance fees, and no swap fees. There is no inverse or leveraged exposure. The PRIIPs KID does not carry any comprehension warnings or complexity flags. Overall, the ETF exhibits a clear, linear relationship to the underlying index performance, with minimal derivative use for risk management only, and no leverage or synthetic structures, leading to a non-complex classification under MiFID II."
}