{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares $ Short Duration Corp Bond UCITS",
    "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 Markit iBoxx USD Liquid Investment Grade 0-5 Index, composed of short duration investment grade corporate bonds. The fund uses physical replication with a sampled methodology, investing directly in underlying bonds rather than synthetic replication or swap-based structures. Derivative instruments are used only for limited purposes such as currency hedging (FX forwards), not as an inherent part of the investment strategy, so derivatives are not considered a complexity driver. There is no leverage, inverse or amplified exposure. The risk profile is low to medium (risk level 2-3 out of 7), consistent with investment grade short duration bonds. No capital protection or structured features are present. Counterparty risk disclosures relate mainly to custody and limited derivative counterparties for FX hedging, not to synthetic replication or unfunded swaps. Costs are straightforward with a TER of 0.25%, no performance fees, and no swap or derivative fees. The fund engages in securities lending with revenue sharing but this does not increase complexity. The PRIIPs KID confirms a low risk classification (2/7) and no complexity warnings or comprehension warnings are present. The monthly factsheet confirms physical replication, no use of swaps, and direct bond holdings across diversified issuers and sectors. Overall, the fund\u2019s structure, replication, and risk profile align with a non-complex classification under MiFID II."
}