{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares \u20ac Corp Bond 1-5yr UCITS ETF",
    "investment_objective": "To track the Bloomberg Barclays Euro Corporate 1-5 Year Bond Index, providing exposure to Euro-denominated investment grade corporate bonds with maturities between 1 and 5 years.",
    "primary_asset_class": "bond",
    "geographic_focus": "Eurozone / Euro-denominated corporate bonds",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The Fund is a UCITS ETF physically replicating the Bloomberg Euro Corporate 1-5 Year Bond Index by investing directly in a diversified portfolio of investment grade corporate bonds denominated in Euro. The KIID and PRIIPs KID explicitly state the use of physical replication with sampled methodology, and no mention of synthetic replication, swap agreements, or total return swaps is found. The Fund may use financial derivative instruments (FDIs) only for direct investment purposes or risk management, but this is not an inherent element of the investment strategy, so 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 bond index tracking strategy. The Fund does engage in securities lending, but this is a common practice and does not increase complexity under MiFID II. The portfolio is composed of liquid, investment grade corporate bonds with a large number of holdings (2,352), and no complex structured products or contingent convertible bonds are held. Counterparty risk disclosures relate to normal operational risks, not to synthetic replication or unfunded swaps. Costs are simple, with a TER of 0.20%, no performance fees, and no swap or derivative fees. The monthly factsheet confirms physical replication and no use of swaps. There are no capital protection or structured features. Overall, the Fund exhibits none of the complexity flags under MiFID II and is therefore classified as non-complex."
}