{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares \u20ac Corp Bond 0-3yr ESG UCITS ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS-compliant fixed income ETF tracking the Bloomberg MSCI Euro Corporate 0-3 Sustainable SRI Index. It primarily invests in short-duration (0-3 years) investment grade Euro-denominated corporate bonds with ESG screening. The fund uses physical replication with sampled methodology to track the index, investing directly in underlying bonds rather than synthetic replication. Although the fund may use financial derivative instruments (FDIs) for direct investment purposes and employs optimising techniques, these are limited and used for efficient portfolio management rather than as an inherent part of the investment strategy. There is no mention of swap agreements, total return swaps, or funded/unfunded swap structures. No leverage, inverse or amplified exposure is present. The risk profile is low (risk level 2 out of 7), consistent with a straightforward bond ETF. The fund engages in short-term securities lending to offset costs, but this does not increase complexity. Costs are simple with a low ongoing charge (0.12%) and no performance fees. The underlying assets are liquid, investment grade corporate bonds without complex structured products or contingent convertible bonds. Counterparty risk disclosures relate to normal operational counterparties (e.g., depositary, securities lending agents) and are standard for UCITS ETFs. No capital protection or structured features are present. The PRIIPs KID does not include any comprehension warnings or complexity flags. The monthly factsheet confirms physical sampling replication, no use of swaps, and a straightforward portfolio of over 1,300 bonds with short duration and investment grade credit quality. Overall, the ETF exhibits none of the MiFID II complexity indicators such as synthetic replication, leverage, complex underlying assets, or capital protection mechanisms. Therefore, it is classified as non-complex."
}