{
    "fund_name": "Amundi Global Government Bond II UCITS ETF Dist",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "No significant complexity factors identified",
        "Physical replication with minimal derivative usage",
        "Transparent underlying index (FTSE G7 and EMU Government Bond Index)"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the FTSE G7 and EMU Government Bond Index, which consists of investment-grade sovereign bonds from developed markets. While the fact sheet mentions counterparty risk from a securities lending program and an OTC swap with Morgan Stanley Bank AG and Societe Generale, these are standard practices for UCITS-compliant ETFs and do not materially alter the fund's risk profile. The swap exposure is capped at 10% of total assets, and the fund's risk and reward profile (SRRI 2) indicates a lower-risk investment. The underlying index is straightforward, and the fund's documentation does not suggest any complex structured features, leverage, or inverse exposure. The fact that the ETF is UCITS-compliant further supports its classification as non-complex under MiFID II.",
    "confidence": 95
}