{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The iShares \u20ac Corp Bond ex-Financials 1-5yr ESG UCITS ETF is a UCITS-compliant ETF that physically replicates a fixed income index composed of investment-grade Euro-denominated corporate bonds with maturities between 1 and 5 years. The fund uses a sampling optimization technique to track the Bloomberg MSCI Euro Corporate ex-Financials 1-5 Year Sustainable SRI Index, investing directly in underlying bonds rather than synthetic replication or swaps. The KIID and PRIIPs KID documents confirm that derivatives may be used only for efficient portfolio management (risk management) purposes, not as an inherent part of the investment strategy, so derivative use is minimal and not complexity-driving. There is no leverage, inverse or amplified exposure. The risk indicator is low (3 in KIID, 2 in PRIIPs), consistent with a straightforward bond ETF. The fund does not employ capital protection, contingent bonds, or structured features. Counterparty risk is disclosed but limited to custodial and securities lending counterparties, not swap counterparties. Costs are simple with a TER of 0.20%, no performance fees, and no swap or derivative fees. The monthly factsheet confirms physical sampling replication, no synthetic or swap usage, and a broad diversified portfolio of 863 bonds. The index tracked is a standard ESG-screened corporate bond index without complex derivatives or contingent bonds. There are no references to complex features such as roll costs, contango, or backwardation. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}