{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The iShares iBonds Dec 2034 Term $ Corp UCITS ETF is a fixed income ETF that aims to track the Bloomberg MSCI December 2034 Maturity USD Corporate ESG Screened Index. The fund uses a physical replication method with sampled securities from the index, investing directly in fixed income corporate bonds. The KIID and PRIIPs KID documents confirm the fund is UCITS compliant and does not employ synthetic replication or swap agreements. There is no mention of funded or unfunded swaps, total return swaps, or derivative counterparty risk as an inherent part of the investment strategy. The fund may use financial derivative instruments (FDIs) only for risk management or efficient portfolio management purposes, which does not trigger the 'derivatives' flag under MiFID II complexity rules. There is no leverage, inverse exposure, or capital protection features. The risk indicator is moderate (level 3 out of 7), consistent with a straightforward fixed income ETF. The fund holds a diversified portfolio of investment grade corporate bonds with no complex structured products or contingent convertible bonds. Costs are simple, with a low ongoing charge of 0.12% and no performance fees or swap fees. Securities lending is used but revenue sharing does not increase costs. The fund's complexity is low, with no synthetic replication, leverage, or complex underlying assets. Therefore, under MiFID II, this ETF is classified as non-complex."
}