{
    "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, and does not engage in synthetic replication, leverage, or swaps. The structure, risks, and investment objective are straightforward and disclosed in plain language, making it easily understandable for retail investors with basic knowledge. Securities lending is present but is a secondary, well-managed feature within UCITS rules and does not dominate the risk profile. The ETF does not embed complex features such as contingent convertible bonds, structured notes, or complex indices. All these elements support a non-complex classification under MiFID II Article 57 and the UCITS presumption, as there are no features that make the product difficult for a retail investor to understand."
}