{
    "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 ETF aims to track the Bloomberg Global Aggregate Bond Index using physical replication with sampled methodology, investing directly in a diversified portfolio of global investment-grade fixed income securities. The KIID and PRIIPs KID confirm the use of financial derivative instruments (FDIs) only for currency hedging purposes (e.g., FX forwards), not as an inherent part of the investment strategy, thus derivatives are used for risk management rather than return generation. There is no mention of synthetic replication, swap agreements, total return swaps, or counterparty exposure related to derivatives. The fund does not employ leverage, inverse or amplified exposure. The risk indicator is low (3 out of 7 in KIID, 2 out of 7 in PRIIPs KID), consistent with a straightforward bond index tracking fund. The monthly factsheet confirms physical product structure, no leverage, and no complex underlying assets such as contingent convertible bonds or CLOs. Securities lending is used but revenue sharing does not increase costs materially. No capital protection or structured features are present. Overall, the fund exhibits a clear, linear relationship to the underlying index performance with minimal derivative use limited to currency hedging, no leverage, and no synthetic replication, supporting a non-complex classification under MiFID II."
}