{
    "type": "ETF",
    "ucits": true,
    "fund_name": "JPM BetaBuilders EUR Govt Bond 1-3 yr UCITS ETF - EUR (acc)",
    "investment_objective": "Provide exposure to Euro-denominated government bonds of Eurozone countries with maturities between 1 and 3 years, tracking the J.P. Morgan EMU Government Bond Index 1-3 Year Select Maturity",
    "primary_asset_class": "bond",
    "geographic_focus": "Eurozone countries",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF pursues a passive index-tracking strategy using optimisation methodology to build a representative portfolio of Eurozone government bonds with maturities between 1 and 3 years. The KIID and PRIIPs KID explicitly state that the Sub-Fund may use financial derivative instruments only for efficient portfolio management purposes, not as an inherent part of the investment strategy, thus derivatives are not considered a complexity driver. There is no mention of synthetic replication, swap agreements, or counterparty risk exposure. The fund uses physical holdings of liquid, investment-grade government bonds with no leverage or inverse exposure. The risk profile is low (category 2 out of 7), consistent with a straightforward bond ETF. Costs are simple with a low ongoing charge (0.10%) and no performance fees. The factsheet confirms no use of swaps or complex underlying assets, and the benchmark is a standard government bond index without complex structured products. No capital protection or structured features are present. There are no complexity flags such as contingent convertible bonds, leverage, or synthetic replication. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}