{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "replication_method": "physical",
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "leverage": false,
        "complex_factors": [
            "Index methodology (Solactive Global Developed Government Bond Index) is unlikely to be inherently complex for retail investors.",
            "Direct replication with sampling means the ETF may not hold all index constituents, but this is common and not typically considered complex."
        ],
        "classification": "non-complex",
        "supporting_data": "The AMUNDI PRIME GLOBAL GOVERNMENT BOND UCITS ETF tracks the Solactive Global Developed Government Bond Index. The objective is to track the performance of this index with minimal tracking error. The replication method is direct, primarily through investments in transferable securities and other eligible assets, employing a sampled replication model. The ETF may hold securities not in the index. Derivatives may be used for managing inflows/outflows or improving index exposure, and securities lending is employed for income. The underlying index consists of fixed-rate government bonds from developed, investment-grade countries, which is generally considered a straightforward and transparent asset class. The use of derivatives is for efficient portfolio management and not integral to the investment strategy. Physical (sampled) replication is generally considered non-complex. The risks mentioned (credit risk, liquidity risk, counterparty risk, operational risk) are standard for bond ETFs and are not indicative of structural complexity. The information provided in the KID describes a typical government bond ETF. The lack of any specific mention of complex derivative structures, embedded options, or synthetic replication strongly supports a non-complex classification."
    }
}