{
    "fund_name": "Amundi Euro Government Bond 5-7Y UCITS ETF Acc",
    "type": "ETF",
    "ucits": true,
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the Bloomberg Barclays Euro Treasury 50bn 5-7 Year Bond Index, investing directly in the underlying securities. There is no evidence of leverage, inverse strategies, or significant derivative usage beyond standard securities lending. The risk profile is straightforward, focusing on Eurozone government bonds with a clear risk-reward profile (SRRI 3). The KIID and factsheet confirm the fund's simplicity, with no complex structures or capital protection mechanisms. The counterparty risk mentioned is minimal and related to standard securities lending, not synthetic replication.",
    "confidence": 95,
    "risk_level": 3,
    "counterparty_risk": "Minimal, related to securities lending within UCITS limits",
    "benchmark_complexity": "Low, as it tracks a straightforward government bond index",
    "liquidity": "High, as it trades on multiple exchanges with market makers",
    "additional_notes": "While the factsheet mentions OTC swaps with Morgan Stanley and Societe Generale, these are within UCITS limits (=10% exposure) and appear to be for operational purposes rather than synthetic replication. The primary strategy remains physical replication, and the overall structure is transparent and suitable for retail investors."
}