{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares \u20ac Corp Bond 1-5yr UCITS ETF GBP Hedged (Dist) Share Class",
    "investment_objective": "To track the Bloomberg Barclays Euro Corporate 1-5 Year Bond Index, providing exposure to Euro-denominated investment grade corporate bonds with maturities between 1 and 5 years.",
    "primary_asset_class": "Bond",
    "geographic_focus": "Eurozone corporate bonds",
    "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 the Bloomberg Euro Corporate 1-5 Year Bond Index primarily through direct investment in investment grade corporate bonds. The KIID and PRIIPs KID documents confirm the use of physical replication with sampled methodology and no mention of synthetic replication or swap agreements. Derivatives are only used for currency hedging (FX forwards), which is considered risk management rather than an inherent part of the investment strategy, so derivatives are marked false. There is no leverage, inverse or amplified exposure. The risk indicator is low (3 in KIID, 2 in PRIIPs KID), consistent with a straightforward bond ETF. The monthly factsheet confirms physical holdings of over 2,300 bonds, no use of swaps or complex structured products, and no capital protection or contingent features. Securities lending is used but does not increase costs materially and is a common practice. No complex underlying assets such as contingent convertible bonds or CLOs are held. The hedging strategy uses FX forwards to reduce currency risk but does not introduce complexity. There are no capital protection mechanisms or structured return formulas. The risk disclosures mention counterparty risk related to custodians and derivative counterparties for FX hedging, but this is standard and limited. Overall, the ETF exhibits a clear, linear relationship to the underlying index performance with minimal derivative exposure and no leverage, meeting the criteria for non-complex classification under MiFID II."
}