{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The AMUNDI GOVT BOND HIGHEST RATED EURO INVESTMENT GRADE UCITS ETF DR - EUR is a UCITS-compliant ETF that tracks the FTSE Eurozone Highest-Rated Government Bond Index using a physical replication method, primarily through direct investments in transferable securities. The KIID and PRIIPs KID confirm that the fund uses a sampled physical replication approach and may use derivatives only for efficient portfolio management (e.g., managing inflows/outflows or better exposure), not as an inherent part of the investment strategy, thus derivatives are not considered a complexity factor here. There is no mention of synthetic replication, swap agreements, or counterparty risk beyond normal operational 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 structured products. The risk profile is moderate-low (SRRI 3/7), consistent with a straightforward bond index tracking strategy. Costs are simple, with a low ongoing charge (0.14%) and no performance fees or swap fees. The factsheet confirms physical replication and no use of synthetic instruments. No capital protection or structured features are present. Overall, the ETF exhibits a clear, linear relationship to the underlying index performance, invests in liquid, transparent government bonds, and does not involve complex derivatives or leverage. Therefore, under MiFID II criteria, it is classified as non-complex."
}