{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares Core Global Aggregate Bond UCITS",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The iShares Core Global Aggregate Bond UCITS ETF aims to track the Bloomberg Global Aggregate Bond Index through physical investment in fixed income securities, primarily investment-grade bonds issued by governments and corporations globally. The fund uses sampling techniques and may use financial derivative instruments (FDIs) only for direct investment purposes and currency hedging (FX forwards), not as an inherent part of the replication strategy. There is no mention of synthetic replication, swap agreements, or total return swaps. The fund is UCITS compliant and uses physical replication with direct bond holdings. Leverage or inverse exposure is not present. The risk profile is low to medium (risk level 4 in KIID, 2 in PRIIPs), consistent with a straightforward bond index fund. Costs are simple with a low TER (0.10%) and no performance fees. Securities lending is used but revenue sharing does not increase costs. The fund holds a large number of liquid, investment-grade bonds with no complex structured products or contingent convertible bonds. Counterparty risk is disclosed but limited to custodial and derivative counterparties for hedging, not for synthetic replication. The PRIIPs KID confirms no complexity warnings or comprehension warnings. The monthly factsheet confirms physical holdings and no use of swaps or leverage. Overall, the fund exhibits none of the MiFID II complexity triggers such as synthetic replication, leverage, complex underlying assets, or capital protection features. Therefore, it is classified as non-complex."
}