{
    "fund_name": "iShares  Govt Bond 15-30yr 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 a UCITS-compliant, physically replicated ETF tracking the Bloomberg Barclays Euro Government Bond 30 Year Term Index. It invests directly in government bonds from France, Germany, Italy, Netherlands, and Spain. While it mentions the use of 'optimising techniques' and 'financial derivative instruments (FDIs)' for direct investment purposes, the PRIIPs KID and factsheet confirm the fund uses a 'physical' methodology. There is no mention of synthetic replication, swaps, or leverage. The risk profile is rated 5 (moderate), and the fund's strategy is straightforward: direct investment in long-term Euro government bonds. The absence of complex features like capital protection, inverse exposure, or contingent bonds supports the non-complex classification.",
    "confidence": 95
}