{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares \u20ac Aggregate Bond ESG UCITS ETF EUR (Acc)",
    "investment_objective": "To achieve a return reflecting the Bloomberg MSCI Euro Aggregate Sustainable and Green Bond SRI Index through capital growth and income.",
    "primary_asset_class": "Fixed Income (Bonds)",
    "geographic_focus": "Euro-denominated bonds from developed markets (Europe focus)",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS-compliant bond ETF that physically invests in fixed income securities comprising the Bloomberg MSCI Euro Aggregate Sustainable and Green Bond SRI Index. The KIID and PRIIPs KID explicitly state the fund aims to invest 'so far as possible and practicable' directly in the underlying fixed income securities, with no mention of synthetic replication or swap agreements. The fund may use financial derivative instruments only to help achieve the investment objective, which is typical for hedging or efficient portfolio management, not as an inherent part of the strategy, so derivatives are marked false. There is no leverage, inverse or amplified exposure language. The risk profile is moderate low (3-4 on a 7 scale), consistent with a straightforward bond ETF. The fund engages in securities lending, but this does not increase complexity classification. The monthly factsheet confirms physical replication and no use of swaps or synthetic structures. The underlying assets are investment grade bonds, liquid and transparent, with no contingent convertible bonds or complex structured products. No capital protection or structured features are present. Counterparty risk is disclosed as a standard risk related to safekeeping and securities lending counterparties, not indicative of synthetic swap counterparty risk. Costs are simple with a TER of 0.16%, no performance fees, and no swap or derivative fees. No PRIIPs comprehension warnings or complexity flags are present. Overall, the fund exhibits none of the MiFID II complexity triggers such as synthetic replication, leverage, complex underlying assets, or capital protection mechanisms. Therefore, it is classified as non-complex."
}