{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares Emerging Asia Local Govt Bond",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS-compliant exchange-traded fund that aims to track the Bloomberg Barclays Emerging Markets Asia Local Currency Government Country Capped Index by investing primarily in local currency denominated government bonds from emerging Asian markets. The fund uses physical replication with a sampled methodology, investing directly in fixed income securities rather than synthetic replication or swaps. Although the fund may use financial derivative instruments (FDIs) for direct investment purposes and employs optimising techniques, these are not indicated as inherent to the strategy or for leverage, but rather for tracking efficiency. There is no mention of funded or unfunded swaps, total return swaps, or counterparty exposure related to derivatives. The risk profile is moderate (risk level 3-4 in PRIIPs and 4 in KIID), consistent with direct bond exposure and emerging market risks, but not elevated due to complexity. The fund does not employ leverage, inverse or amplified exposure. Costs are straightforward with a 0.50% ongoing charge and no performance fees or swap fees. The monthly factsheet confirms physical investment in approximately 96 government bond holdings with no indication of complex underlying assets such as contingent convertible bonds or CLOs. There are no capital protection or structured features. The PRIIPs KID does not include any comprehension warnings or complexity flags. Overall, the fund\u2019s structure, replication, and risk disclosures align with a non-complex classification under MiFID II."
}