{
    "fund_name": "AMUNDI GOVT BOND LOWEST RATED EURO INVESTMENT GRADE UCITS ETF DR - EUR",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "Lowest-rated Eurozone government bonds",
        "Potential credit risk from sovereign issuers",
        "Complexity of tracking a lowest-rated government bond index"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the FTSE Eurozone Lowest-Rated Government Bond IG Index. While the underlying bonds are lower-rated sovereign issuers, the replication method is straightforward physical replication. The KIID and factsheet confirm no leverage, inverse exposure, or synthetic replication using swaps. The risk profile (SRRI 3) is moderate, and the fund's complexity comes from the credit risk of the underlying bonds rather than structural complexity. The use of derivatives is limited to managing inflows/outflows and securities lending, which does not trigger MiFID II complexity. The PRIIPs KID does not include a comprehension warning, further supporting the non-complex classification.",
    "confidence": 90
}