{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares iBonds Dec 2027 Term $ CorpUSD (Acc) Share Class",
    "investment_objective": "Passive investment aiming to track Bloomberg MSCI December 2027 Maturity USD Corporate ESG Screened Index, focusing on investment grade, fixed rate, USD-denominated corporate bonds maturing in 2027 with ESG exclusions.",
    "primary_asset_class": "Fixed Income (Corporate Bonds)",
    "geographic_sector_focus": "US Dollar denominated corporate bonds, broadly diversified across sectors with ESG screens excluding certain industries.",
    "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 a fixed income corporate bond index with a defined maturity date. The KIID and PRIIPs KID confirm the Fund uses physical sampling techniques and may use FDIs only for direct investment purposes, not as a core synthetic replication method. There is no mention of swap agreements, total return swaps, or unfunded/funded swap structures. The risk profile is low (risk level 2-3), with no leverage or inverse exposure. The Fund invests directly in liquid, investment grade corporate bonds with ESG screens. Costs are straightforward with a low TER (0.12%) and no performance fees. Securities lending is used but revenue sharing does not increase costs. The monthly factsheet confirms physical sampling methodology and no synthetic replication. No capital protection or structured features are present. Counterparty risk is limited to normal custodial and securities lending counterparties, typical for physical bond ETFs. The Fund\u2019s complexity is low, with a clear, linear relationship to underlying bond performance and no complex derivatives or leverage. Therefore, under MiFID II, this ETF is classified as non-complex."
}