{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The iShares \u20ac Corp Bond 1-5yr UCITS ETF is a UCITS-compliant exchange traded fund that aims to track the Bloomberg Euro Corporate 1-5 Year Bond Index. The fund primarily invests in investment grade Euro-denominated corporate bonds with maturities between 1 and 5 years. The fund uses physical replication via sampled methodology, investing directly in underlying bonds rather than synthetic replication or swap agreements. The KIID and PRIIPs KID documents confirm that derivatives may be used only for direct investment purposes or risk management, but not as an inherent part of the investment strategy, and no swap usage or counterparty risk related to swaps is disclosed. There is no leverage, inverse or amplified exposure mentioned. The risk indicator is low (3 in KIID, 2 in PRIIPs KID), consistent with a straightforward bond ETF. The fund engages in securities lending, but this is disclosed transparently and does not add complexity. The monthly factsheet confirms physical replication, a large diversified portfolio of over 2,300 bonds, no mention of synthetic structures or complex underlying assets such as contingent convertible bonds or CLOs. No capital protection or structured features are present. Costs are simple with a TER of 0.20%, no performance fees, and no swap or derivative fees. Overall, the fund exhibits none of the MiFID II complexity triggers such as synthetic replication, leverage, complex underlying assets, or capital protection mechanisms. Therefore, it is classified as non-complex."
}