{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares $ Corp Bond 0-3yr ESG UCITS ETF GBP Hedged (Dist) Share Class",
    "investment_objective": "To track the Bloomberg Barclays MSCI US Corporate 0-3 Sustainable SRI Index, investing primarily in USD denominated investment grade corporate bonds with maturities up to 3 years, applying ESG/SRI criteria.",
    "primary_asset_class": "Fixed Income (Corporate Bonds)",
    "geographic_focus": "United States (USD denominated 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 short-dated (0-3 years) USD investment grade corporate bonds screened for ESG criteria. The fund uses a sampling approach ('optimising techniques') to replicate the index but does not employ synthetic replication or swap agreements. Derivatives are used only for currency hedging (FX forwards), not for investment exposure, so derivative use is limited and risk management oriented. There is no leverage, inverse or amplified exposure. The risk indicator is low (2/7), consistent with a straightforward bond fund. The fund engages in securities lending, but this is disclosed and does not add complexity under MiFID II. The benchmark is a standard corporate bond index with ESG filters, not a complex or structured index. No capital protection or structured features are present. Counterparty risk is limited to custodial and FX forward counterparties, typical for UCITS ETFs. Fees are simple with a low ongoing charge (0.14%) and no performance fees. The monthly factsheet confirms physical holdings of nearly 1,700 bonds, no use of swaps or synthetic replication, and no leverage. The PRIIPs KID does not include any comprehension warnings or complexity flags. Overall, the ETF exhibits none of the MiFID II complexity triggers such as synthetic replication, leverage, complex underlying assets, or capital protection mechanisms. Therefore, it is classified as non-complex."
}