{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares iBonds Dec 2026 Term $ CorpUSD (Acc) Share Class",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The fund is a UCITS ETF physically replicating the Bloomberg MSCI December 2026 Maturity USD Corporate ESG Screened Index by investing directly in fixed income securities (investment grade, fixed rate, USD corporate bonds maturing in 2026). The KIID and PRIIPs KID confirm the use of physical replication with sampled methodology and no mention of synthetic replication or swap agreements. The fund may use financial derivative instruments (FDIs) only for direct investment purposes, not for synthetic replication or leverage, and the derivative use is minimal and risk management oriented, thus derivatives are marked false. There is no leverage, inverse or amplified exposure. The risk indicator is low (3 in KIID, 2 in PRIIPs KID), consistent with a straightforward fixed income ETF. The fund does engage in short-term securities lending, but this does not increase complexity under MiFID II. The underlying assets are investment grade corporate bonds, liquid and transparent, with no contingent convertible bonds or complex structured products. No capital protection or structured features are present. Counterparty risk disclosures relate to normal custody and securities lending counterparties, not to swap counterparties. Costs are simple with a low TER (0.12%) and no performance fees or swap fees. The index tracked is a screened corporate bond index with ESG exclusions, but this does not add complexity under MiFID II. The monthly factsheet confirms physical sampling replication and no use of swaps or synthetic structures. Therefore, the fund is classified as non-complex under MiFID II."
}