{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares \u20ac Corp Bond BBB-BB UCITS ETF",
    "investment_objective": "To track the Markit iBoxx EUR Corporates BBB-BB (5% Issuer Cap) Index by investing primarily in Euro denominated corporate bonds rated BBB to BB",
    "primary_asset_class": "bond",
    "geographic_focus": "Eurozone / Europe",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The ETF physically invests in a diversified portfolio of Euro denominated corporate bonds rated BBB to BB, tracking the Markit iBoxx EUR Corporates BBB-BB Index. The KIID and PRIIPs KID explicitly state the use of physical replication with sampled methodology, and no mention of synthetic replication, swap agreements, or total return swaps. The Fund may use financial derivative instruments (FDIs) only for direct investment purposes or risk management, but this is limited and not inherent to the strategy, so derivatives are marked false. There is no leverage, inverse or amplified exposure. The risk indicator is low to medium (3 in KIID, 2 in PRIIPs KID), consistent with a straightforward bond ETF. The monthly factsheet confirms physical holdings of over 2,500 bonds, no synthetic structures, and no leverage. The Fund is UCITS compliant. No capital protection or structured features are present. Costs are simple with a TER of 0.25%, no performance fees, and no swap or derivative fees. Counterparty risk is disclosed as a standard risk related to safekeeping and securities lending, but no significant counterparty exposure is evident. The Fund uses securities lending to generate additional income, but this does not increase complexity under MiFID II. There are no complex underlying assets such as contingent convertible bonds or CLOs. The index tracked is a standard corporate bond index without complex features. Therefore, the ETF does not meet MiFID II criteria for complexity."
}