{
    "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 $ Corp Bond ESG UCITS ETF is a UCITS-compliant, physically replicated ETF tracking a transparent, investment-grade corporate bond index. It uses optimising techniques and may engage in securities lending, but there is no evidence of significant derivative use, synthetic replication, leverage, or embedded complex features such as swaps or contingent convertible bonds. The structure, risks, and investment objective are straightforward and disclosed in the KID, supporting a non-complex classification under MiFID II Article 25(4)(a)(iv) and consistent with industry practice for plain-vanilla UCITS bond ETFs[1]. The absence of complex replication, significant derivative exposure, or opaque features means the product is easily understood by retail investors with basic knowledge, meeting all criteria for non-complex classification."
}