{
    "ucits": true,
    "type": "ETF",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": "None",
    "classification": "non-complex",
    "supporting_data": "The iShares u20ac Govt Bond 10-15yr UCITS ETF is a UCITS-compliant, physically replicated ETF tracking a transparent, market-cap-weighted index of euro-denominated government bonds. It uses optimising techniques for portfolio management, which may include limited use of financial derivative instruments (FDIs) for efficient portfolio management (EPM), but there is no evidence that derivatives are central to the investment strategy or that the ETF relies on synthetic replication. The ETF engages in securities lending, but this is a secondary activity, well-managed within UCITS rules, and does not dominate the risk profile. The structure, risks, and investment objective are straightforward and easily understood by retail investors with basic knowledge. There is no significant leverage, no embedded derivatives, and no complex features such as contingent convertible bonds, swaps, or complex indices. The ETF is listed and traded on regulated markets, with frequent opportunities to dispose of shares at publicly available prices. All these factors support a non-complex classification under MiFID II Article 25(4) and Delegated Regulation EU 2017/565 Article 57[1]."
}