{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares \u20ac Corp Bond ESG UCITS ETF",
    "investment_objective": "To track the Bloomberg MSCI Euro Corporate Sustainable SRI Index, investing primarily in investment-grade Euro denominated corporate bonds with ESG/SRI criteria.",
    "primary_asset_class": "Fixed Income (Corporate Bonds)",
    "geographic_focus": "Eurozone / Europe",
    "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 physically replicating a corporate bond index with ESG/SRI screening. The fund uses a sampling methodology and may use FDIs only for direct investment purposes, not as a core synthetic replication method. There is no mention of synthetic replication, swap agreements, total return swaps, or counterparty exposure. The fund does not employ leverage or inverse strategies. The risk profile is low (risk level 2-3 out of 7), consistent with investment-grade corporate bonds. The fund holds a large number of underlying bonds (3,019 holdings), all investment grade, with no complex structured products or contingent convertible bonds. The PRIIPs KID confirms low risk and no complexity warnings or comprehension warnings. The monthly factsheet confirms physical replication and no use of swaps or synthetic structures. Costs are straightforward with a TER of 0.15%, no performance fees, and no swap fees. Securities lending is used but revenue sharing does not increase costs. Overall, the fund exhibits a clear, linear relationship to the underlying index and invests directly in liquid, transparent securities. Therefore, under MiFID II, this ETF is classified as non-complex."
}