{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Amundi Euro Highest Rated Macro-Weighted Government Bond 3-5Y UCITS ETF",
    "investment_objective": "To reflect the performance of the FTSE MTS Highest Rated Macro-Weighted Government Bond 3-5Y (Mid Price) Index, representing highly rated Eurozone government bonds with 3-5 year maturities, weighted by macroeconomic indicators.",
    "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 uses physical replication with direct investment in the underlying sovereign bonds of the Eurozone, primarily AAA and AA rated government bonds with maturities of 3-5 years. The KIID and PRIIPs KID confirm the fund is UCITS compliant and passively tracks a total return index via direct or sampling replication. There is no mention of synthetic replication, swap agreements, or derivative instruments used as part of the investment strategy. The factsheet explicitly states 'Replication type: Physical' and notes that any counterparty risk arises only from securities lending, which is common and limited. There is no leverage, inverse exposure, or capital protection features. The risk profile is low (2/7), consistent with a straightforward bond ETF. Costs are simple with no performance fees or complex fee structures. The underlying index is a macro-weighted sovereign bond index, which is transparent and liquid. No complex structured products or contingent bonds are held. The PRIIPs KID does not include any comprehension warnings or complexity flags. Overall, the ETF exhibits none of the MiFID II complexity triggers such as synthetic replication, leverage, complex derivatives, or capital protection mechanisms. Therefore, it is classified as non-complex."
}