{
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": true,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [
        "Derivative usage for direct investment purposes"
    ],
    "classification": "non-complex",
    "supporting_data": "The iShares France Govt Bond UCITS ETF primarily uses physical replication to track the Bloomberg Barclays France Treasury Bond Index. While the KIID mentions the use of financial derivative instruments (FDIs) for direct investment purposes, this appears to be for efficient portfolio management rather than as a core strategy. The fund does not employ leverage, inverse strategies, or synthetic replication. The risk profile is moderate (rated 4 out of 7), and the underlying assets are straightforward French government bonds. The derivative usage is not extensive or complex enough to warrant a 'complex' classification under MiFID II, as it is likely used for hedging or minor adjustments rather than as a primary investment strategy.",
    "confidence": 90
}