{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares $ TIPS 0-5 UCITS ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The iShares $ TIPS 0-5 UCITS ETF is a UCITS-compliant exchange-traded fund that aims to track the ICE U.S. Treasury Inflation Linked Bond Index 0-5 Years. The fund primarily invests in US Treasury Inflation Protected Securities (TIPS) with maturities between zero and five years. 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 FX forward contracts for currency hedging, these are ancillary and not inherent to the investment strategy, thus derivatives are marked false. There is no mention of swap agreements, total return swaps, or counterparty exposure related to swaps. The fund is not leveraged, inverse, or amplified in returns. The risk profile is low to moderate (risk level 2-3 out of 7), consistent with direct investment in liquid, transparent government bonds. Costs are straightforward with a low ongoing charge (0.12%) and no performance fees. Securities lending is used but revenue sharing does not increase costs. The PRIIPs KID does not include any comprehension warnings or complexity flags. The monthly factsheet confirms physical holdings of US Treasury bonds, no use of synthetic replication or complex structured products, and no leverage. Overall, the fund exhibits none of the MiFID II complexity triggers such as synthetic replication, leverage, complex underlying assets, capital protection features, or significant counterparty risk. Therefore, it is classified as non-complex."
}