{
    "ucits": true,
    "type": "ETF",
    "leverage": false,
    "derivatives": true,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": "Use of derivatives for currency hedging; exposure to government bonds; no embedded derivatives or structured products",
    "classification": "non-complex",
    "supporting_data": "The Amundi Global Government Bond II UCITS ETF EUR Hedged Dist is a UCITS-compliant ETF that tracks the FTSE G7 and EMU Government Bond Index using physical replication, primarily investing in fixed-rate, investment-grade sovereign bonds. It employs derivatives only for currency hedging purposes, which is a risk management technique and not integral to the investment objective. The ETF does not use synthetic replication, embedded derivatives, leverage beyond UCITS limits, or complex structured products such as CLOs. The underlying index is transparent and straightforward, and the ETF's structure and risks (market volatility, tracking error) are easily understood by retail investors with basic knowledge. According to MiFID II Article 25(4)(a)(iv) and Article 57 criteria, UCITS ETFs using physical replication and limited derivative use for efficient portfolio management or hedging are generally classified as non-complex. The presence of derivatives solely for currency hedging does not trigger complexity. There is no indication of significant leverage, embedded derivatives, or opaque features. Therefore, this ETF is classified as non-complex under MiFID II appropriateness rules."
}