{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares Core Global Aggregate Bond UCITS",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The ETF aims to track the Bloomberg Global Aggregate Bond Index by investing primarily in investment-grade fixed income securities globally. The fund uses physical replication with sampled methodology, directly holding bonds rather than synthetic replication or swaps. The KIID and PRIIPs KID confirm the use of financial derivative instruments (FDIs) only for direct investment purposes and possibly for risk management, but not as an inherent part of the strategy, so derivatives are not considered a complexity driver here. There is no leverage, inverse or amplified exposure. The risk rating is moderate (4 in KIID, 3 in PRIIPs), consistent with a bond fund's typical risk profile, and no capital protection or structured features are present. The fund engages in short-term securities lending, but this does not increase complexity under MiFID II. The monthly factsheet confirms physical holdings of over 17,000 bonds, no mention of swap usage or synthetic replication, and no complex underlying assets such as contingent convertible bonds or CLOs. Costs are straightforward with a low TER of 0.10%, no performance fees, and no complex fee structures. There is no PRIIPs comprehension warning or other complexity flags. Overall, the fund is a straightforward, physically replicated, investment-grade bond ETF with minimal derivative use for risk management, no leverage, and no complex features, thus classified as non-complex under MiFID II."
}