{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares \u20ac Govt Bond 10-15yr UCITS ETF",
    "investment_objective": "To track the Bloomberg Barclays Euro Government Bond 10-15 yr Term Index by investing primarily in Euro denominated government bonds with 10-15 year maturity.",
    "primary_asset_class": "bond",
    "geographic_focus": "Eurozone government bonds from France, Germany, Italy, Netherlands, Spain and other EMU member states",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The Fund is a UCITS ETF physically replicating the Bloomberg Barclays Euro Government Bond 10-15 yr Term Index by investing directly in investment grade Eurozone government bonds. The KIID and PRIIPs KID confirm the use of physical securities with some optimisation techniques and limited use of financial derivative instruments (FDIs) only for direct investment purposes, not for leverage or synthetic replication. There is no mention of swap agreements, total return swaps, or unfunded/funded swap structures. The monthly factsheet confirms a physical product with sampled methodology and no synthetic or swap-based replication. The risk indicator is moderate (3/7), consistent with a straightforward bond ETF. No leverage, inverse exposure, capital protection, or complex structured products are involved. The Fund uses securities lending to generate additional income but this does not increase complexity under MiFID II. The cost structure is simple with a low ongoing charge of 0.15% and no performance fees. Counterparty risk is disclosed as a standard risk related to safekeeping and securities lending counterparties, not indicative of synthetic replication. Overall, the product exhibits a clear, linear relationship to the underlying index performance, invests in liquid, transparent government bonds, and does not employ complex derivatives or leverage. Therefore, it does not meet MiFID II criteria for a complex financial instrument."
}