{
    "type": "ETF",
    "ucits": true,
    "fund_name": "AMUNDI EURO GOVERNMENT BOND 25+Y UCITS ETF Dist",
    "investment_objective": "Track the Bloomberg Euro Treasury 50bn 25+ Year Bond Index with minimal tracking error",
    "primary_asset_class": "Bond",
    "geographic_focus": "Eurozone sovereign bonds",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS fund that physically replicates the Bloomberg Euro Treasury 50bn 25+ Year Bond Index by direct investment in the underlying sovereign bonds. The KIID and PRIIPs KID confirm the use of physical replication with possible limited derivative use only for managing inflows/outflows or optimizing exposure, not as a core strategy, so derivatives are not inherent to the investment objective. 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. The risk rating is moderate (4/7), consistent with a bond ETF without complex features. The factsheet confirms physical replication and no use of swaps or synthetic structures. The underlying assets are investment grade Eurozone government bonds, which are liquid and transparent. No capital protection or structured features are present. Costs are straightforward with a low ongoing charge and no performance fees. No complexity flags such as contingent bonds, leverage, or structured returns are identified. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}