{
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "ucits": true,
    "type": "ETF",
    "complex_factors": "None",
    "classification": "non-complex",
    "supporting_data": "The iShares u20ac Corp Bond 0-3yr ESG 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 inverse strategies. The fund may use financial derivative instruments (FDIs) for direct investment purposes, but the KID does not indicate that derivatives are central to the fundu2019s objective or risk profile. The index is straightforward, and the fundu2019s structure, risks, and objectives are clearly disclosed and easily understood by retail investors. Securities lending is present but is a secondary feature, well within UCITS rules, and does not dominate the risk profile. There is no evidence of complex bonds (e.g., contingent convertibles, asset-backed securities, or structured products) in the portfolio. All these factors support a non-complex classification under MiFID II Article 25(4) and Delegated Regulation Article 57, as the product is transparent, liquid, and does not embed complex features that would make it difficult for a retail investor to understand the risks involved[1][2]."
}