{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The iShares \u20ac Green Bond UCITS ETF is a UCITS-compliant exchange-traded fund that aims to track the Bloomberg Barclays MSCI Euro Green Bond SRI including Nuclear Power Index. The fund primarily invests in fixed income securities (investment grade green bonds) that are Euro-denominated and fixed-rate. The KIID and PRIIPs KID documents indicate the fund uses physical replication with an optimised approach, investing directly in underlying bonds or similar fixed income securities. There is no mention of synthetic replication, swap agreements, total return swaps, or derivative instruments used as part of the core investment strategy. Derivatives may be used only for direct investment purposes or risk management, but not as an inherent element of the strategy, so derivatives are marked false. The monthly factsheet confirms the fund uses physical replication and does not indicate any swap usage or leverage. The fund has no leverage, inverse or amplified exposure. The risk profile is moderate low (3 out of 7 in PRIIPs KID, 4 in KIID), consistent with a straightforward fixed income ETF. There are no capital protection or structured features. Costs are simple with a TER of 0.20%, no performance fees, and no complex fee structures. Counterparty risk is disclosed as a standard risk related to safekeeping and securities lending but no significant counterparty exposure from swaps or derivatives is indicated. The fund invests in liquid, transparent, investment grade green bonds, with no complex underlying assets such as contingent convertible bonds or CLOs. No complexity flags such as capital guarantees, leverage, or synthetic replication are present. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}