{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares Emerging Asia Local Govt Bond",
    "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 Emerging Markets Asia Local Currency Government Country Capped Index by investing primarily in local currency denominated government bonds from emerging Asian markets. The fund uses physical replication with a sampled methodology, directly investing in fixed income securities rather than synthetic replication or swaps. Although the fund may use financial derivative instruments (FDIs) for direct investment purposes and employs optimising techniques, these are not indicated as inherent to the strategy or leveraged, and derivative use appears limited and for efficient portfolio management rather than exposure. There is no mention of funded or unfunded swaps, total return swaps, or counterparty exposure related to derivatives. The risk profile is moderate low (risk level 3-4), with no leverage or inverse exposure. The fund does not have capital protection or structured features. Costs are straightforward with a 0.50% ongoing charge and no performance fees. The PRIIPs KID confirms medium-low risk (3/7) and no complexity warnings or comprehension warnings. The monthly factsheet confirms physical replication, no leverage, and direct bond holdings with no complex underlying assets such as contingent convertible bonds or CLOs. Therefore, the fund does not meet MiFID II criteria for a complex financial instrument."
}