{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares $ Short Duration Corp Bond UCITS",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS-compliant fixed income ETF tracking the Markit iBoxx USD Liquid Investment Grade 0-5 Index, investing primarily in short duration investment grade corporate bonds. The fund uses physical replication with sampled methodology, directly investing in underlying bonds rather than synthetic replication or swap-based structures. Derivatives are used only for limited purposes such as currency hedging (FX forwards), not as an inherent part of the investment strategy, so derivative exposure is minimal and risk-managed. There is no leverage, inverse or amplified exposure. The risk profile is low (risk level 2-3), consistent with investment grade short duration bonds. The fund does engage in securities lending, but this does not increase complexity under MiFID II. No capital protection or structured features are present. Counterparty risk disclosures relate mainly to custodial and FX counterparties, typical for UCITS ETFs. Costs are straightforward with a TER of 0.25%, no performance fees, and no swap or derivative fees. The monthly factsheet confirms physical replication, no use of swaps, and a broad diversified portfolio of over 2,700 bonds with an average maturity of 2.26 years. There is no mention of complex underlying assets such as contingent convertible bonds or CLOs. The PRIIPs KID does not carry any comprehension warnings or complexity flags. Overall, the ETF exhibits a clear, linear, and transparent investment strategy with minimal derivative use for hedging only, no leverage, and no complex features, supporting a non-complex classification under MiFID II."
}