{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares Global Corp Bond UCITS ETF USD Hedged (Acc)",
    "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 Global Aggregate Corporate Bond Index. It invests primarily in investment grade corporate bonds globally, using a physical replication method with sampling techniques. The KIID and PRIIPs KID documents confirm the use of physical bonds rather than synthetic replication or swap-based structures. While the fund may use financial derivative instruments (FDIs) such as FX forwards for currency hedging, these are used solely for risk management and not as an inherent part of the investment strategy, so derivatives are marked false. There is no mention of any funded or unfunded swap agreements, total return swaps, or counterparty exposure related to synthetic replication. The fund does not employ leverage, inverse or amplified exposure, nor does it invest in complex underlying assets such as contingent convertible bonds or structured products. The risk profile is moderate (risk level 3-4), consistent with investment grade corporate bond exposure, and there are no capital protection or structured features. Costs are straightforward with a TER of 0.25%, no performance fees, and no complex fee structures. Securities lending is conducted but revenue sharing does not increase costs. The monthly factsheet confirms physical bond holdings with over 14,000 bonds, no indication of synthetic replication or leverage, and a diversified portfolio across sectors and issuers. Overall, the fund exhibits none of the complexity indicators under MiFID II and is therefore classified as non-complex."
}