{
    "ucits": true,
    "type": "ETF",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": "None",
    "supporting_data": "The iShares $ Corp Bond UCITS ETF is a UCITS-compliant, physically replicated ETF tracking a transparent, liquid 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, embedded derivatives, synthetic replication, or complex underlying assets such as CLOs or structured products. 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 Article 57 of the Delegated Regulation[1][2]. The ETF does not embed derivatives, use swaps, or have features that would make it difficult for a retail investor to understand the risks involved.",
    "classification": "non-complex"
}