{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The iShares \u20ac Govt Bond 15-30yr UCITS ETF is a UCITS-compliant exchange-traded fund that physically invests in Euro-denominated government bonds with maturities between 15 and 30 years. The fund aims to track the Bloomberg Barclays Euro Government Bond 30 Year Term Index using a sampled physical replication method, as confirmed by the factsheet stating 'Product Structure: Physical' and 'Methodology: Sampled'. The KIID and PRIIPs KID documents mention the possible use of financial derivative instruments (FDIs) only for direct investment purposes or optimising techniques, but there is no indication that derivatives are an inherent part of the investment strategy or used for leverage. There is no mention of synthetic replication, swap agreements, total return swaps, or counterparty exposure related to derivatives. The fund does not employ leverage, inverse or amplified exposure, nor does it have capital protection or structured features. The risk profile is medium (4 out of 7 in PRIIPs KID, 5 in KIID but consistent with bond risk), reflecting credit, interest rate, and liquidity risks typical of long-dated government bonds, not complexity from derivatives or leverage. Costs are straightforward with a low ongoing charge of 0.15%, no performance fees, and no swap or derivative fees. The fund engages in securities lending, but this is standard and does not increase complexity. The underlying assets are liquid, transparent government bonds without complex structured products. There is no PRIIPs comprehension warning or other complexity flags. Therefore, the fund is classified as non-complex under MiFID II criteria."
}