{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares $ Treasury Bond 0-1yr UCITS ETF MXN Hedged (Acc) Share Class",
    "investment_objective": "To track the ICE U.S. Treasury Short Bond Index, providing exposure to US government bonds with maturities between 0 and 1 year.",
    "primary_asset_class": "Fixed Income (US Treasury Bonds)",
    "geographic_focus": "United States",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS-compliant fund physically replicating the ICE U.S. Treasury Short Bond Index by investing directly in US Treasury bonds with maturities between zero and one year. The fund uses optimisation techniques and may use financial derivative instruments (FDIs) only for direct investment purposes and currency hedging (FX forwards), but these are not inherent to the investment strategy and are used for risk management rather than to create synthetic exposure. There is no mention of synthetic replication, swap agreements, total return swaps, or counterparty exposure related to derivatives. The fund is unleveraged, with no inverse or leveraged exposure. The risk profile is very low (risk category 1 out of 7), consistent with short-term US Treasury bonds. The fund engages in securities lending, but this does not increase complexity under MiFID II. The monthly factsheet confirms physical replication, no use of swaps, and a straightforward portfolio of short-dated US Treasury bonds. The currency hedging uses FX forwards, which are standard and do not trigger complexity classification. There are no capital protection or structured features. Costs are simple with a low TER and no performance fees. No complexity warnings or comprehension warnings appear in the PRIIPs KID. Overall, the fund exhibits a clear, linear relationship to the underlying index and invests in liquid, transparent securities, making it non-complex under MiFID II."
}