{
    "fund_name": "iShares  Govt Bond 7-10yr UCITS ETF",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "No significant complexity factors identified",
        "Physical replication of government bonds",
        "No leverage or inverse exposure",
        "No complex structured products or contingent bonds"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the Bloomberg Barclays Euro Government Bond 10 Year Term Index, which consists of investment-grade government bonds from Eurozone countries. The fund does not use derivatives for investment purposes, only for potential short-term secured lending to generate additional income. The risk profile is straightforward, with the main risks being credit risk, interest rate risk, and liquidity risk typical of bond investments. The fund is UCITS-compliant and has a low ongoing charge (0.15%). The PRIIPs KID and factsheet confirm the physical replication method and lack of complex structures. The only derivative-related mention is for potential securities lending, which is not used for investment purposes but rather for cost offsetting, and does not trigger complexity under MiFID II.",
    "confidence": 95
}