{
    "type": "ETF",
    "ucits": true,
    "fund_name": "JPM EUR Corporate Bond 1-5 yr Research Enhanced Index (ESG) UCITS ETF - EUR (acc)",
    "investment_objective": "Achieve long-term return in excess of Bloomberg Euro Corporate 1-5 Year Index by actively investing primarily in a portfolio of short term investment grade Euro denominated corporate debt securities",
    "primary_asset_class": "Corporate Bonds",
    "geographic_focus": "Global (including emerging markets)",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS-compliant actively managed bond ETF investing primarily in short-term investment grade Euro-denominated corporate bonds. The KIID and PRIIPs KID explicitly state that the fund pursues an active management strategy with no synthetic replication or swap usage. The fund may use derivatives only for efficient portfolio management purposes, which does not trigger 'derivatives' = true under MiFID II complexity rules. There is no mention of leverage, inverse exposure, or capital protection features. The risk profile is low to medium (risk level 3 in KIID, 2 in PRIIPs KID), consistent with a straightforward bond fund. The factsheet confirms physical holdings of 284 corporate bonds with no indication of complex underlying assets such as contingent convertible bonds or CLOs. No swap agreements, total return swaps, or counterparty risk disclosures beyond normal market risk are present. Costs are simple with a low ongoing charge and no performance fees or swap fees. The benchmark is a standard Bloomberg Euro Corporate 1-5 Year Index, with no complex index features. No warnings or comprehension alerts appear in the PRIIPs KID. Overall, the fund exhibits a clear, linear relationship to underlying bond performance with minimal derivative use for risk management only, no leverage, and no complex structured features, leading to a non-complex classification under MiFID II."
}