{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares \u20ac Corp Bond Large Cap UCITS ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF aims to track the Markit iBoxx EUR Liquid Corporates Large Cap Index by investing primarily in Euro-denominated investment grade corporate bonds. The fund uses physical replication with optimising techniques, including strategic selection of securities and may use financial derivative instruments (FDIs) only for direct investment purposes, not as an inherent element of the strategy. There is no mention of synthetic replication, swap agreements, or funded/unfunded swaps. The fund does not employ leverage or inverse exposure. The risk indicator is low (4 in KIID, 2 in PRIIPs), consistent with a straightforward fixed income product. The portfolio is composed of over 2,500 bonds, all investment grade and liquid, with no complex structured products or contingent convertible bonds. The fund engages in short-term securities lending, but this does not increase complexity under MiFID II. Costs are simple with a low ongoing charge (0.09%) and no performance fees. The PRIIPs KID confirms no comprehension warnings or complexity flags. The monthly factsheet confirms physical replication and no use of swaps or leverage. Overall, the ETF exhibits a clear, linear relationship to the underlying index and invests directly in liquid, transparent securities, making it non-complex under MiFID II."
}