{
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The iShares EUR Govt Bond 15-30yr UCITS ETF is a physically replicated fund that primarily invests in Euro-denominated government bonds with maturities between 15-30 years. The fund uses optimizing techniques, which may include the strategic selection of securities and the use of financial derivative instruments (FDIs) for direct investment purposes. However, the derivatives are not used for leverage or synthetic replication but rather for efficient portfolio management (EPM) and to achieve a similar return to its index. The fund does not exhibit any of the key complexity indicators such as leverage, inverse exposure, or significant counterparty risk. The risk profile is rated five, which is primarily due to the nature of its investments in long-duration government bonds rather than complexity. The fund is UCITS compliant, which imposes strict regulations on the use of derivatives and ensures a high level of investor protection.",
    "confidence": 95
}