{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The iShares $ Corp Bond 0-3Yr ESG SRI UCITS ETF is a UCITS-compliant ETF that physically invests in a sampled portfolio of USD-denominated, investment-grade corporate bonds with maturities up to 3 years, tracking the Bloomberg MSCI US Corporate 0-3 ESG SRI Index. The fund uses physical replication via direct bond holdings with a sampling methodology, not synthetic replication or swap-based structures. Although the fund may use financial derivative instruments (FDIs), these are employed for direct investment purposes and optimising techniques, not as an inherent element of the investment strategy, thus derivatives exposure is minimal and not a complexity driver. There is no leverage, inverse or amplified exposure. The risk profile is low (risk level 2 out of 7), consistent with short-duration investment grade bonds. The fund does engage in short-term securities lending to offset costs, but this is standard and does not add complexity. No capital protection or structured features are present. Counterparty risk disclosures relate to standard operational risks (e.g., safekeeping, derivative counterparties) but do not indicate significant complexity. Costs are straightforward with a low ongoing charge (0.12%) and no performance fees. The benchmark index is a standard ESG-screened corporate bond index without complex contingent bonds or structured products. The monthly factsheet confirms physical holdings, no use of swaps, and no leverage. There are no references to synthetic replication, funded or unfunded swaps, or complex derivative strategies. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}