{
    "fund_name": "iShares  Govt Bond 1-3yr UCITS ETF",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF is classified as non-complex under MiFID II for the following reasons:1. Physical replication method: The fund uses direct investment in government bonds and representative sampling, with no indication of synthetic replication or swap usage.2. No leverage or inverse exposure: The fund has no leverage or inverse features, and its performance is directly tied to the underlying government bonds.3. Simple investment strategy: The fund tracks a straightforward index of Euro-denominated government bonds with investment-grade ratings and a maturity range of 1-3 years.4. Low risk profile: The fund is rated as low risk (2 out of 7) and invests in liquid, transparent securities with minimal counterparty risk.5. UCITS compliance: The fund is UCITS-compliant, which inherently limits complexity and risk.6. No complex features: There are no capital protection mechanisms, structured products, or other complex features mentioned in the KIID or PRIIPs KID.7. Transparent risk disclosures: The risk disclosures are clear and focused on standard bond risks (credit, interest rate, liquidity), with no mention of complex derivative-related risks.8. No comprehension warning: The PRIIPs KID does not include a comprehension warning, which would indicate complexity.The fund's use of derivatives is limited to efficient portfolio management (e.g., securities lending to offset costs), which does not trigger complexity under MiFID II. The overall structure is simple, transparent, and suitable for retail investors.",
    "confidence": 95
}