{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares $ Corp Bond ESG UCITS ETF",
    "investment_objective": "To track the Bloomberg MSCI US Corporate Sustainable SRI Index, investing primarily in USD denominated, investment grade, fixed-rate corporate bonds with ESG/SRI criteria.",
    "primary_asset_class": "Fixed Income (Corporate Bonds)",
    "geographic_focus": "United States (USD denominated bonds issued by US companies)",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS-compliant fixed income ETF physically replicating a corporate bond index with ESG screening. The KIID and PRIIPs KID explicitly state the Fund uses physical securities and only limited use of financial derivative instruments (FDIs) for direct investment purposes or optimisation, not for synthetic replication. There is no mention of swap agreements, total return swaps, or funded/unfunded swap structures. The monthly factsheet confirms a physical index tracking methodology with a large number of holdings (5,723), no leverage, and no inverse or leveraged exposure. The risk profile is moderate low (risk level 3-4), consistent with a straightforward bond ETF. Counterparty risk disclosures relate to custody and limited derivative use, not synthetic replication. Costs are simple with no performance fees or swap fees. No capital protection or structured features are present. The ESG screening and optimisation techniques do not add complexity under MiFID II. Therefore, the ETF does not meet the criteria for classification as complex under MiFID II."
}