{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares Global Inflation Linked Govt Bond",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS-compliant exchange-traded fund that aims to track the Bloomberg Barclays World Government Inflation-Linked Bond Index by investing primarily in inflation-linked government bonds. The fund uses physical replication with a sampled methodology, directly investing in underlying inflation-linked fixed income securities. The KIID and PRIIPs KID documents mention the possible use of financial derivative instruments (FDIs) only for direct investment purposes or optimising techniques, but this is limited and not inherent to the strategy, thus derivatives are not considered a complexity driver here. There is no mention of synthetic replication, swap agreements, or counterparty risk related to derivatives. The fund does not employ leverage, inverse or amplified exposure. The risk profile is moderate (risk level 3 out of 7 in PRIIPs KID, and 5 in KIID which is typical for bond funds), with no capital protection or structured features. Costs are straightforward with a TER of 0.20%, no performance fees, and no complex fee structures. The monthly factsheet confirms physical investment in a diversified portfolio of investment grade inflation-linked government bonds, with no indication of complex underlying assets such as contingent convertible bonds or CLOs. Counterparty risk is limited to normal custody and securities lending arrangements, with no significant derivative counterparty exposure. There are no complexity flags such as capital guarantees, leverage, or complex derivatives. Overall, the fund exhibits a clear, linear relationship to the underlying index performance and invests in liquid, transparent securities. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}