{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares $ Short Duration Corp Bond UCITS",
    "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 Markit iBoxx USD Liquid Investment Grade 0-5 Index by investing primarily in US dollar-denominated short duration investment grade corporate bonds. The fund uses physical replication with a sampled methodology, directly investing in underlying fixed income securities rather than synthetic replication or swap-based structures. The KIID and PRIIPs KID documents confirm that derivatives are used only for limited purposes such as currency hedging (FX forwards), not as an inherent part of the investment strategy, and the use of financial derivative instruments is expected to be limited. There is no mention of synthetic replication, total return swaps, or counterparty exposure related to swaps. The fund does not employ leverage, inverse or amplified exposure, nor does it have capital protection or structured product features. The risk profile is low to moderate (risk level 2-3 out of 7), consistent with a straightforward bond ETF. Costs are simple, with a TER of 0.25%, no performance fees, and no complex fee structures. The monthly factsheet confirms direct investment in a diversified portfolio of over 2,700 investment grade corporate bonds with no indication of complex underlying assets such as contingent convertible bonds or CLOs. The fund engages in securities lending on a limited basis, which does not increase complexity under MiFID II. No PRIIPs comprehension warnings or complexity flags are present. Overall, the fund exhibits a clear, linear relationship to the underlying index performance, with minimal derivative use solely for hedging, and no leverage or synthetic replication, leading to a non-complex classification under MiFID II."
}