{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": true,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "Currency hedging using FX forward contracts",
        "Securities lending activities",
        "Optimisation techniques (sampling)"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF primarily uses physical replication with optimisation techniques (sampling) and does not employ synthetic replication or leverage. While it uses derivatives for currency hedging (FX forwards) and engages in securities lending, these activities are common in fixed income ETFs and do not significantly alter the risk profile. The underlying assets (French government bonds) are straightforward, and the fund's risk profile (rated 4) is within typical ranges for fixed income products. The use of derivatives is for efficient portfolio management rather than as an inherent element of the strategy. The PRIIPs KID does not contain a comprehension warning, further supporting the non-complex classification.",
    "confidence": 90
}