{
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "ucits": true,
    "type": "ETF",
    "complex_factors": "None",
    "classification": "non-complex",
    "supporting_data": "The iShares u20ac Govt Bond 1-3yr UCITS ETF is a UCITS-compliant, physically replicated ETF tracking a transparent, investment-grade government bond index. It uses derivatives only for efficient portfolio management (EPM), not as a core part of its investment strategy, and does not engage in synthetic replication, leverage, or complex structured products. The risks disclosed (credit, interest rate, liquidity) are standard for fixed income ETFs and do not introduce structural complexity. The fundu2019s structure, objective, and risks are straightforward and easily understood by retail investors with basic knowledge, meeting all MiFID II criteria for non-complex classification under Article 25(4)(a)(iv) of Directive 2014/65/EU and Article 57 of Delegated Regulation (EU) 2017/565[1]. No features such as embedded derivatives, contingent convertible bonds, complex indices, or significant securities lending are present that would trigger a complex classification. The UCITS presumption of non-complexity is not overturned here[1]."
}