{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares Core \u20ac Corp Bond UCITS ETF EUR (Dist)",
    "investment_objective": "To track the Bloomberg Barclays Euro Corporate Bond Index, providing exposure to Euro-denominated investment grade corporate bonds.",
    "primary_asset_class": "bond",
    "geographic_focus": "Eurozone / Euro-denominated corporate bonds",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF physically invests in a diversified portfolio of Euro-denominated investment grade corporate bonds, aiming to replicate the Bloomberg Barclays Euro Corporate Bond Index. The KIID and PRIIPs KID explicitly state the use of physical replication with sampled methodology and no synthetic replication or swap agreements mentioned. The Fund may use financial derivative instruments (FDIs) only for direct investment purposes or risk management, but this is minimal and not inherent to the strategy, so derivatives are marked false. There is no leverage, inverse or amplified exposure. The risk profile is low (3 out of 7 in KIID, 2 out of 7 in PRIIPs), consistent with a straightforward bond index tracking ETF. No capital protection or structured features are present. The costs are simple with a TER of 0.20%, no performance fees, and no swap or derivative fees. The monthly factsheet confirms physical replication, no synthetic structures, and a large diversified portfolio of over 3,800 bonds. Counterparty risk is limited to custodial and securities lending counterparties, which is typical and disclosed but not significant enough to classify as complex. No complex underlying assets such as contingent convertible bonds or CLOs are mentioned. The PRIIPs KID does not carry any comprehension warnings or complexity flags. Overall, the ETF is a plain vanilla, physical bond index tracker with minimal derivative use for operational purposes, no leverage, and a low risk profile, thus classified as non-complex under MiFID II."
}