{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares Global Aggregate Bond ESG SRI UCITS ETF EUR Hedged (Acc)",
    "replication_method": "physical",
    "leverage": false,
    "inverse": false,
    "derivatives": false,
    "swaps": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS-compliant fixed income ETF tracking the Bloomberg MSCI Global Aggregate Sustainable and Green Bond ESG SRI Index. The fund uses physical replication with a sampled methodology, investing directly in a broad portfolio of investment grade bonds (government, corporate, securitized) from developed and emerging markets. The KIID and PRIIPs KID documents confirm that derivatives (FDIs) are used only for currency hedging purposes (e.g., FX forwards) and possibly for optimising tracking, but not as an inherent part of the investment strategy. There is no mention of synthetic replication, swap agreements, total return swaps, or counterparty exposure related to derivatives. The fund does not employ leverage, inverse or amplified exposure. The risk profile is low to medium (risk level 2 in PRIIPs KID, 4 in KIID which is moderate but not high), consistent with a straightforward bond ETF. No capital protection or structured features are present. Costs are simple with a low ongoing charge (0.10%) and no performance fees. The fund engages in limited securities lending with revenue sharing but this does not add complexity. The monthly factsheet confirms physical sampling replication and no use of swaps or leverage. The index tracked is a broad, transparent fixed income ESG index without complex contingent bonds or structured products. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}