{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares \u20ac Govt Bond 7-10yr UCITS ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS-compliant exchange-traded fund that aims to track the Bloomberg Euro Government Bond 10 Year Term Index by investing primarily in Euro-denominated government bonds with maturities between 7 and 10 years. The fund uses physical replication with a sampled methodology, directly investing in underlying government bonds rather than synthetic replication or swap-based structures. The KIID and PRIIPs KID documents confirm that derivatives may be used only for direct investment purposes or risk management, but there is no indication that derivatives or swaps are an inherent part of the investment strategy. There is no leverage, inverse exposure, or capital protection mechanism. The risk profile is moderate low (3 out of 7 in PRIIPs, 4 in KIID), consistent with a straightforward bond index tracking fund. The fund engages in short-term securities lending to offset costs, but this does not increase complexity. The monthly factsheet confirms physical holdings in government bonds from core Eurozone countries, no use of synthetic replication or complex underlying assets, and no leverage. There are no references to funded or unfunded swaps, counterparty risk beyond normal custody risk, or complex structured products. The cost structure is simple with a TER of 0.15%, no performance fees, and minimal transaction costs. Overall, the fund exhibits none of the MiFID II complexity triggers such as synthetic replication, leverage, complex underlying assets, or capital protection features. Therefore, it is classified as non-complex."
}