{
    "ucits": true,
    "type": "ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": "None",
    "classification": "non-complex",
    "supporting_data": "The iShares u20ac Aggregate Bond ESG UCITS ETF is a UCITS-compliant, physically replicated ETF tracking a transparent, investment-grade bond index. It uses optimizing techniques and may use financial derivative instruments (FDIs) only for efficient portfolio management (EPM), not as a core part of its investment strategy. There is no evidence of synthetic replication, embedded derivatives, significant leverage, or complex underlying assets (e.g., CLOs, contingent convertible bonds, or structured notes). The ETF engages in securities lending, but this is a secondary activity, well-managed within UCITS rules, and does not dominate the risk profile. The index is straightforward, and the ETFu2019s structure, risks, and objectives are easily understood by retail investors with basic knowledge. All these factors support a non-complex classification under MiFID II Article 25(4) and Delegated Regulation Article 57, as confirmed by industry practice and regulatory guidance[1]."
}