{
    "type": "ETF",
    "ucits": true,
    "fund_name": "AMUNDI EURO GOVERNMENT BOND 25+Y UCITS ETF USD Hedged Dist",
    "investment_objective": "Track Bloomberg Euro Treasury 50bn 25+ Year Bond Index with minimized 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 direct replication and only limited derivative use for operational purposes such as managing inflows/outflows and currency hedging, not as an inherent part of the investment strategy. There is no mention of synthetic replication, swap agreements, or total return swaps. Leverage or inverse exposure is not present. The underlying assets are investment grade, liquid sovereign bonds with maturities over 25 years, which are straightforward fixed income instruments. The risk profile is medium (4/7), reflecting market and credit risk typical of long-duration government bonds, without additional complexity. Costs are simple with a low ongoing charge (0.09%) and no performance fees or swap fees. Securities lending is used to generate additional income but does not add complexity under MiFID II. No capital protection or structured features are present. The PRIIPs KID does not include any comprehension warnings or complexity flags. The monthly factsheet (URL provided) does not indicate any use of swaps or complex derivatives. Overall, the ETF exhibits a clear, linear relationship to the underlying index performance and is suitable for retail investors with basic investment knowledge. Therefore, it is classified as non-complex under MiFID II."
}