{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The iShares $ Intermediate Credit Bond UCITS ETF aims to track the Bloomberg U.S. Intermediate Credit Bond Index, investing primarily in US dollar-denominated, investment grade, fixed-rate corporate and government-related bonds with maturities between 1 and 10 years. The fund uses physical replication with optimising techniques and may use financial derivative instruments (FDIs) only for direct investment purposes, not as an inherent part of the strategy. There is no mention of synthetic replication, swap agreements, total return swaps, or funded/unfunded swap structures. The fund does not employ leverage, inverse or amplified exposure, nor does it invest in complex underlying assets such as contingent convertible bonds or CLOs. The risk profile is moderate (risk level 4 in KIID, 2 out of 7 in PRIIPs), consistent with a straightforward bond ETF. Costs are simple with a TER of 0.15%, no performance fees, and no complex fee structures. The monthly factsheet confirms physical replication and no use of swaps or leverage. Counterparty risk is disclosed as a general risk related to custodians and securities lending counterparties but is not significant or structural. There are no capital protection or structured features. The PRIIPs KID does not carry any comprehension warnings or complexity flags. Overall, the ETF is a plain vanilla fixed income index tracker with minimal derivative use for efficient portfolio management, no leverage, and no complex underlying assets, thus classifying it as non-complex under MiFID II."
}