{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares \u20ac Corp Bond ESG UCITS ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The iShares \u20ac Corp Bond ESG UCITS ETF is a UCITS-compliant ETF that physically invests in a diversified portfolio of Euro-denominated, investment-grade corporate bonds screened for ESG/SRI criteria. The fund aims to track the Bloomberg MSCI Euro Corporate Sustainable SRI Index using a sampled physical replication method, as confirmed by the factsheet stating 'Product Structure: Physical' and 'Methodology: Sampled'. There is no mention of synthetic replication, swap agreements, total return swaps, or derivative instruments used as part of the core investment strategy. The fund may use FDIs only for direct investment purposes or risk management, but this does not constitute inherent derivative exposure. The risk profile is low (risk level 2-3 out of 7), with no leverage, inverse or amplified return features. The fund does engage in short-term securities lending, but this is a standard practice and does not increase complexity. Costs are straightforward with a TER of 0.15%, no performance fees, and minimal transaction costs. The underlying assets are liquid, investment-grade corporate bonds without contingent convertible bonds or complex structured products. There are no capital protection or structured features. Counterparty risk disclosures relate only to standard operational risks (e.g., depositary insolvency), not to swap counterparties. The PRIIPs KID confirms a low risk indicator (2/7) and no comprehension warnings or complexity flags. Overall, the fund exhibits a clear, linear relationship to its underlying index and invests directly in liquid, transparent securities, making it non-complex under MiFID II criteria."
}