{
    "name": "AMUNDI PRIME GLOBAL GOVERNMENT BOND UCITS ETF",
    "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 (direct investment in underlying securities) with sampled replication, which is a standard and non-complex approach. While derivatives may be used for efficient portfolio management (EPM) such as handling inflows/outflows or improving index exposure, this does not constitute a complex strategy under MiFID II. The fund tracks a straightforward government bond index without leverage, inverse exposure, or synthetic replication. The risk profile (SRRI 3) and the absence of capital protection or structured features further support the non-complex classification. The KIID and factsheet do not indicate any use of swaps, unfunded derivatives, or complex underlying assets.",
    "confidence": 95,
    "counter_argument": "Some might argue that the use of derivatives for EPM could introduce complexity, but MiFID II explicitly allows for such use without classifying the product as complex, provided it is not the primary strategy. The fund's transparency, liquidity, and straightforward objective align with non-complex criteria.",
    "risk_level": 3
}