{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares $ TIPS UCITS ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The iShares $ TIPS UCITS ETF aims to track the Bloomberg US Government Inflation-Linked Bond Index, which consists of US Treasury Inflation-Protected Securities (TIPS). The fund uses physical replication with a sampled methodology, investing directly in inflation-linked government bonds. The KIID and PRIIPs KID documents confirm that derivatives may be used only for efficient portfolio management or direct investment purposes, but not as an inherent element of the strategy, and no synthetic replication or swap usage is indicated. The monthly factsheet confirms a physical product structure with no mention of swap agreements or synthetic replication. There is no leverage, inverse exposure, or capital protection features. The risk profile is moderate low (risk level 3-4), consistent with direct investment in government bonds. Costs are straightforward with a low ongoing charge of 0.10%, no performance fees, and no complex fee structures. Counterparty risk is disclosed as a general risk related to safekeeping and derivative counterparties but no significant counterparty exposure is evident. No complexity flags such as contingent bonds, structured products, or leverage are present. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}