{
    "fund_name": "AMUNDI EURO GOVERNMENT BOND 25+Y UCITS ETF Dist",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the Bloomberg Euro Treasury 50bn 25+ Year Bond Index, investing directly in government bonds with maturities over 25 years. While the KIID mentions derivatives may be used for managing inflows/outflows and securities lending, there is no indication of synthetic replication, leverage, or complex derivative strategies. The fact sheet confirms physical replication and shows a straightforward bond portfolio with no derivative exposure beyond potential EPM (efficient portfolio management) uses. The risk profile is aligned with the underlying bonds, and the SRRI (risk level) is consistent with a bond fund. No complexity indicators like swaps, capital protection, or structured products are present.",
    "confidence": 95
}