{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares Core Global Aggregate Bond UCITS",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The iShares Core Global Aggregate Bond UCITS ETF aims to track the Bloomberg Global Aggregate Bond Index through physical investment in fixed income securities, primarily investment-grade bonds issued by governments and corporations globally. The fund uses a sampled physical replication method, investing directly in underlying bonds rather than synthetic replication or swap agreements. While the fund may use financial derivative instruments (FDIs) such as FX forward contracts for currency hedging and may engage in short-term securities lending, these uses are ancillary and for risk management or cost offset purposes, not as an inherent part of the investment strategy. There is no indication of leverage, inverse exposure, or capital protection mechanisms. The risk profile is low to medium (risk level 3 in KIID, 2 in PRIIPs KID), consistent with a straightforward bond index tracking strategy. The fund holds a large number of liquid, investment-grade bonds with no complex structured products or contingent convertible bonds. Counterparty risk disclosures relate mainly to custodial and derivative counterparties but are standard for UCITS ETFs and do not indicate significant complexity. Costs are simple, with a low ongoing charge of 0.10%, no performance fees, and no swap or derivative fees. The monthly factsheet confirms physical replication and no use of swaps or synthetic structures. There are no references to leverage, inverse exposure, or complex underlying assets. The PRIIPs KID does not include any comprehension warnings or complexity flags. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}