{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The iShares iBonds Dec 2030 Term $ Corp USD UCITS ETF aims to track the Bloomberg MSCI December 2030 Maturity USD Corporate ESG Screened Index by investing primarily in fixed income securities (corporate bonds) that mature in 2030. The fund uses physical replication with sampled securities from the index and only limited use of financial derivative instruments (FDIs) expected to be minimal and for direct investment purposes, not as an inherent part of the strategy. There is no mention of synthetic replication, swap agreements, total return swaps, or funded/unfunded swap structures. The fund does not employ leverage, inverse or amplified exposure. The risk profile is moderate (risk level 3-4 out of 7), consistent with investment grade corporate bonds, and no capital protection or structured features are present. The fund engages in short-term securities lending, but this does not increase complexity under MiFID II. The PRIIPs KID confirms no comprehension warnings or complexity flags. The monthly factsheet confirms physical replication, no use of swaps or synthetic structures, and a straightforward fixed income portfolio of 366 holdings with no complex underlying assets such as contingent convertible bonds or CLOs. The fund is UCITS compliant, with a simple fee structure (TER 0.12%) and no performance fees. Overall, the absence of synthetic replication, leverage, complex derivatives, or structured features leads to a non-complex classification under MiFID II."
}