{
    "fund_name": "iShares Italy Govt Bond 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 fund that tracks the Bloomberg Barclays Italy Treasury Bond Index. It invests directly in Italian government bonds with no leverage, inverse exposure, or synthetic replication. The use of derivatives is limited to 'optimising techniques' for efficient portfolio management, which does not trigger complexity under MiFID II. The risk profile is straightforward (rated 4 on a 1-7 scale), and the underlying assets (government bonds) are liquid and transparent. There are no capital protection mechanisms, structured features, or complex underlying assets. The fund's disclosure is clear, and the risks are easily understandable by retail investors.",
    "confidence": 95
}