{
    "ucits": true,
    "type": "ETF",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The Amundi Euro Highest Rated Macro-Weighted Government Bond 1-3Y UCITS ETF is a UCITS-compliant ETF that tracks the FTSE MTS Highest Rated Macro-Weighted Government Bond 1-3Y Index via physical replication, primarily investing directly in the underlying bonds. The ETF may use securities lending as a secondary technique, which introduces some counterparty risk but is well-managed under UCITS rules and does not dominate the risk profile. The ETF does not use derivatives as an inherent part of its investment strategy but only for portfolio management purposes, if at all, and no synthetic replication or embedded derivatives are present. There is no significant leverage beyond UCITS limits. The underlying index is transparent and based on highly rated Eurozone government bonds, which are straightforward and well-understood by retail investors. The risk profile reflects market risk typical of government bond ETFs, without structural complexity. According to MiFID II Article 25(4)(a)(iv) and Article 57 of the Commission Delegated Regulation, UCITS ETFs that physically replicate transparent indices and do not embed derivatives or complex features are automatically classified as non-complex. ESMA guidance confirms that synthetic ETFs or structured UCITS with derivatives or complex portfolio management techniques are complex, but this ETF does not fall into those categories. Therefore, no appropriateness assessment beyond execution-only requirements is needed, and no comprehension alert is required in the PRIIPs KID."
}