{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares iBonds Dec 2029 Term $ CorpUSD (Dist)",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS ETF physically replicating the Bloomberg MSCI December 2029 Maturity USD Corporate ESG Screened Index by investing directly in fixed income securities (corporate bonds) that mature in 2029. The KIID and PRIIPs KID documents confirm the fund uses physical sampling techniques and only limited use of financial derivative instruments (FDIs) expected to be minimal and for direct investment purposes, not for leverage or synthetic replication. There is no mention of swap agreements, total return swaps, or synthetic replication structures. The fund does not employ leverage, inverse or amplified exposure. The risk profile is moderate (risk level 4 in KIID, risk level 2 in PRIIPs KID), consistent with investment grade corporate bonds. The fund invests in liquid, transparent fixed income securities with no contingent convertible bonds or complex structured products. The fact sheet confirms the product structure as physical and the methodology as sampled. Counterparty risk disclosures relate to normal custody and securities lending counterparties, not to synthetic swap counterparties. Costs are straightforward with a low ongoing charge (0.12%) and no performance fees or swap fees. There are no capital protection or structured features. The fund is a defined term fund with a fixed maturity date, which is clearly disclosed. Overall, the fund exhibits none of the complexity indicators such as synthetic replication, leverage, complex underlying assets, or capital protection mechanisms that would trigger a complex classification under MiFID II. The limited use of derivatives is for investment purposes only and does not imply complexity. Therefore, the fund is classified as non-complex."
}