{
    "type": "ETF",
    "ucits": true,
    "fund_name": "JPM ESG EMU Government Bond IG",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The fund is a UCITS ETF that physically replicates the J.P. Morgan ESG EMU Government Bond IG index using full or optimized replication of sovereign debt securities. There is no mention of synthetic replication, swap agreements, or derivative instruments used to achieve the investment objective. The PRIIPs KID confirms the product is designed for retail investors without specific financial expertise, with a medium-low risk rating of 3/7, consistent with direct bond investment risk. The fund does not employ leverage, inverse or amplified exposure, nor does it invest in complex underlying assets such as contingent convertible bonds or CLOs. The monthly factsheet confirms the fund holds a diversified portfolio of government bonds with no indication of derivative usage or counterparty risk exposure. Costs are straightforward with no swap or performance fees. Risk disclosures focus on credit and interest rate risk typical of bond funds, with no complex risk factors or counterparty risk warnings. Overall, the fund exhibits a clear, linear relationship to the underlying sovereign bond index, physical replication, and low complexity features, leading to a non-complex classification under MiFID II."
}