{
    "fund_name": "iShares  Govt Bond 1-3yr UCITS ETF EUR (Acc)",
    "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 strategies",
        "No complex derivatives usage"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the Bloomberg Barclays Euro Government Bond 1-3 Year Term Index, which consists of investment-grade Euro-denominated government bonds. The KIID and PRIIPs documents confirm that the fund invests directly in government bonds and does not use synthetic replication, leverage, or inverse strategies. The risk profile is rated as low (2/7), and the fund's investment strategy is straightforward, focusing on short-term Euro government bonds. The fact sheet further confirms that the fund uses a 'sampled' physical replication method, with no mention of swaps or derivatives beyond standard portfolio management techniques. The absence of complex structures, leverage, or inverse strategies, combined with the transparent nature of the underlying assets, supports a non-complex classification under MiFID II.",
    "confidence": 95
}