{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares $ Corp Bond UCITS ETF",
    "investment_objective": "To track the return of the Markit iBoxx USD Liquid Investment Grade Index, reflecting the US Dollar denominated investment grade corporate bond market.",
    "primary_asset_class": "Bond",
    "geographic_focus": "United States (USD denominated corporate bonds)",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS-compliant fund physically investing in a diversified portfolio of US Dollar denominated investment grade corporate bonds. The fund uses an optimisation sampling technique to replicate the benchmark index but 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 direct investment purposes, but this is limited and not a core element of the strategy, thus derivatives are marked false. The fund does not use leverage, inverse or amplified exposure. The risk profile is moderate (risk level 5 in KIID, 3 in PRIIPs KID), consistent with investment grade bond risk, without complex structured features or capital protection mechanisms. Costs are straightforward with a TER of 0.20%, no performance fees, and no complex fee structures. The monthly factsheet confirms physical replication and no use of swaps or synthetic structures. The underlying assets are liquid, investment grade corporate bonds with no contingent convertible bonds or complex structured products. No complexity flags such as capital protection, leverage, or significant counterparty risk exposure are present. Therefore, under MiFID II, this ETF is classified as non-complex."
}