{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares Broad Global Govt Bond UCITS ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The ETF aims to track the Bloomberg Global Aggregate Treasuries Index by investing primarily in fixed income government bonds that are investment grade. The KIID and PRIIPs KID both confirm the fund uses physical replication with optimising techniques, including strategic selection of securities and limited use of financial derivative instruments (FDIs) only for direct investment purposes, not as an inherent part of the strategy. There is no mention of synthetic replication, swap agreements, total return swaps, or funded/unfunded swap structures. The monthly factsheet confirms the fund holds a large number of government bonds (1,186 holdings) with no indication of derivative or swap usage. The risk profile is moderate low (3 out of 7), consistent with a straightforward bond ETF. No leverage, inverse or amplified return features are present. The fund is UCITS compliant, with a low ongoing charge (0.10%) and no performance fees. Counterparty risk disclosures relate only to normal custody and securities lending activities, not to complex derivative counterparty risk. There are no capital protection or structured product features. The fund invests in liquid, transparent government bonds with no complex underlying assets such as contingent convertible bonds or CLOs. The PRIIPs KID does not carry any comprehension warning or complexity flag. Overall, the fund exhibits characteristics of a non-complex ETF under MiFID II rules."
}