{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The iShares Core  Corp Bond UCITS ETF is a physically replicated ETF that tracks the Bloomberg Barclays Euro Corporate Bond Index. The KIID and PRIIPs documents confirm that the fund primarily invests in physical bonds and does not use derivatives for leverage or inverse exposure. The only mention of derivatives is for potential efficient portfolio management (e.g., optimising techniques), which is typical for bond ETFs and does not trigger complexity under MiFID II. The fund's risk profile is rated as medium (3/7), and the underlying assets are investment-grade corporate bonds, which are relatively straightforward. There are no capital protection mechanisms, structured features, or significant counterparty risks beyond standard market risks. The fund's use of securities lending is disclosed but does not materially alter its risk profile. The PRIIPs KID does not contain a comprehension warning, further supporting the non-complex classification.",
    "confidence": 95
}