{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares \u20ac Corp Bond ESG Paris-Aligned Climate UCITS ETF",
    "investment_objective": "To achieve a return reflecting the Bloomberg MSCI Euro Corporate Climate Paris Aligned ESG Select Index by investing primarily in fixed income securities that make up the Index, with ESG criteria applied.",
    "primary_asset_class": "Fixed Income (Corporate Bonds)",
    "geographic_sector_focus": "Euro Corporate Bonds with ESG Paris-Aligned focus",
    "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 a fixed income ESG corporate bond index. The KIID and PRIIPs KID explicitly state the Fund aims to invest directly in the underlying fixed income securities of the index, using optimisation and sampling techniques but no synthetic replication or swap agreements are mentioned. The Fund may use financial derivative instruments (FDIs) only for direct investment purposes, not as a core synthetic replication method, and derivative use is limited and not inherent to the strategy. There is no leverage, inverse or amplified exposure. The risk indicator is low (3 in KIID, 2 in PRIIPs KID), consistent with a non-complex fixed income ETF. The monthly factsheet confirms physical holdings of over 1600 bonds, no mention of swaps or synthetic structures, and a straightforward index methodology. Costs are simple with no performance fees or swap fees. Counterparty risk is disclosed as a general risk related to safekeeping and securities lending, not due to swap counterparties. No capital protection or structured features are present. The ESG screening and optimisation do not add complexity under MiFID II. Therefore, the Fund is classified as non-complex under MiFID II rules."
}