{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares $ Short Duration Corp Bond UCITS",
    "investment_objective": "To track the return of the Markit iBoxx USD Liquid Investment Grade 0-5 Index through a combination of capital growth and income by investing in USD denominated short duration investment grade corporate bonds.",
    "primary_asset_class": "Fixed Income (Corporate Bonds)",
    "geographic_focus": "United States Dollar denominated corporate bonds, primarily US issuers",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Fund is a UCITS ETF physically replicating the Markit iBoxx USD Liquid Investment Grade 0-5 Index by investing directly in a diversified portfolio of USD denominated short duration investment grade corporate bonds. The KIID and PRIIPs KID confirm the use of physical replication with no synthetic or swap-based replication. The Fund may use limited financial derivative instruments (FDIs) for direct investment purposes, but this use is expected to be limited and primarily for efficient portfolio management rather than inherent to the strategy, so derivatives are marked false. There is no leverage, inverse or amplified exposure. The risk indicator is low (3 in KIID, 2 in PRIIPs KID), consistent with a straightforward fixed income ETF. The monthly factsheet confirms physical structure, no mention of swap usage or synthetic replication, and a large number of holdings (2,744) in liquid investment grade bonds. No capital protection or structured features are present. Costs are simple with a TER of 0.20%, no performance fees, and no complex fee structures. Counterparty risk is disclosed as a standard risk related to safekeeping and securities lending counterparties, not indicative of synthetic replication. There are no complex underlying assets such as contingent convertible bonds or CLOs. The Fund uses sampling techniques but invests directly in bonds, not derivatives. No references to contango, roll costs, or complex index features are present. Overall, the Fund is straightforward, physically replicating a liquid investment grade bond index, with minimal derivative use for risk management only, and no leverage or synthetic structures, leading to a non-complex classification under MiFID II."
}