{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares $ Short Duration Corp Bond UCITS",
    "investment_objective": "To track the return of the Markit iBoxx USD Liquid Investment Grade 0-5 Index, composed of USD denominated short duration investment grade corporate bonds",
    "primary_asset_class": "bond",
    "geographic_focus": "US Dollar denominated corporate bonds, primarily US issuers",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS-compliant bond ETF that physically invests in a diversified portfolio of USD denominated investment grade corporate bonds with maturities between 0-5 years. The KIID and PRIIPs KID documents confirm the fund uses physical replication with sampled methodology and only limited use of derivatives for efficient portfolio management, not as an inherent part of the investment strategy. There is no mention of synthetic replication, swap agreements, or funded/unfunded swaps. The fund does not employ leverage or inverse strategies. The risk profile is low (3 out of 7 in KIID, 2 out of 7 in PRIIPs KID), consistent with a straightforward bond index tracking product. The monthly factsheet confirms direct investment in bonds, no use of complex structured products or contingent convertible bonds, and no leverage. Costs are simple with a TER of 0.20%, no performance fees, and no swap or derivative fees. Counterparty risk is disclosed as a standard risk related to safekeeping and securities lending but is not significant or complex. There are no capital protection or structured features. Overall, the product 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."
}