{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares \u20ac Corp Bond ESG UCITS ETF",
    "investment_objective": "To track the Bloomberg MSCI Euro Corporate Sustainable SRI Index, investing primarily in investment-grade Euro denominated corporate bonds with ESG/SRI criteria.",
    "primary_asset_class": "Fixed Income (Corporate Bonds)",
    "geographic_focus": "Eurozone corporate bonds",
    "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 that physically invests in a diversified portfolio of Euro denominated investment-grade corporate bonds screened for ESG/SRI criteria. The fund uses a sampling approach to replicate the index and may use FDIs only for currency hedging purposes (e.g., FX forwards), not for investment exposure. There is no mention of synthetic replication, swap agreements, total return swaps, or derivative instruments used for replication. The fund does not employ leverage, inverse or amplified exposure. The risk profile is low (risk level 2-3), consistent with investment-grade bond exposure. The fund engages in securities lending, but this does not increase complexity under MiFID II. The benchmark is a standard ESG screened corporate bond index without complex structured products or contingent bonds. The monthly factsheet confirms physical replication and no use of swaps or leverage. The PRIIPs KID does not include any comprehension warnings or complexity flags. Overall, the fund\u2019s structure, replication, and underlying assets are straightforward and transparent, leading to a non-complex classification under MiFID II."
}