{
    "ucits": true,
    "type": "ETF",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": "None",
    "classification": "non-complex",
    "supporting_data": "The iShares Core u20ac Corp Bond UCITS ETF is a UCITS-compliant, physically replicated ETF tracking a transparent, investment-grade corporate bond index. It uses derivatives only for efficient portfolio management (EPM), not as a core part of its investment strategy. There is no evidence of significant leverage, synthetic replication, swaps, or complex embedded features. The structure, risks, and payoff are straightforward and easily understood by retail investors with basic knowledge. The ETF does not hold complex bonds (e.g., contingent convertibles, structured notes) or track a complex index. Securities lending is present but is a secondary, well-managed feature within UCITS rules and does not dominate the risk profile. The ETF is listed, liquid, and provides comprehensive, publicly available information. All these factors support a non-complex classification under MiFID II Article 25(4) and Delegated Regulation Article 57[1]."
}