{
    "type": "ETF",
    "ucits": true,
    "fund_name": "AMUNDI GOVT BOND LOWEST RATED EURO INVESTMENT GRADE UCITS ETF DR - EUR",
    "investment_objective": "Track the performance of FTSE Eurozone Lowest-Rated Government Bond IG Index with minimized tracking error",
    "primary_asset_class": "bond",
    "geographic_focus": "Eurozone",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS-compliant bond ETF physically replicating the FTSE Eurozone Lowest-Rated Government Bond IG Index using direct investments in transferable securities and/or other eligible assets. The replication method is primarily physical with a sampled replication approach. The KIID and PRIIPs KID confirm that derivatives may be used only for efficient portfolio management (e.g., managing inflows/outflows or better exposure to index constituents), not as an inherent part of the investment strategy, so derivative use is incidental and limited. There is no mention of synthetic replication, swap agreements, total return swaps, or counterparty risk related to derivatives beyond normal operational risk. The fund does not employ leverage, inverse or amplified exposure. The risk indicator is moderate-low (3/7), consistent with a straightforward bond ETF. The factsheet confirms physical replication, no leverage, no complex structured products, and no capital protection or contingent features. Costs are simple with a low ongoing charge (0.14%) and no performance fees. Securities lending is mentioned but is a common practice and does not increase complexity under MiFID II. No complexity flags such as contingent convertible bonds, structured products, or capital protection mechanisms are present. The index tracked is a bond index of lower-rated Eurozone government bonds, which may carry credit risk but does not add complexity under MiFID II. Overall, the ETF exhibits characteristics of a non-complex financial instrument under MiFID II."
}