{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares Global Govt Bond UCITS ETF GBP Hedged (Dist)",
    "investment_objective": "To track the FTSE Group-of-Seven (G7) Government Bond Index, providing exposure to investment grade government bonds issued or guaranteed by G7 countries.",
    "primary_asset_class": "Fixed Income (Government Bonds)",
    "geographic_focus": "G7 Countries (Developed Markets)",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS-compliant fund physically replicating the FTSE G7 Government Bond Index by investing directly in fixed income securities issued or guaranteed by G7 governments. The fund uses optimisation techniques and may use financial derivative instruments (FDIs) such as FX forwards solely for currency hedging purposes, not as an inherent part of the investment strategy. There is no mention of synthetic replication, swap agreements, total return swaps, or counterparty exposure related to derivatives. The fund is unleveraged, with no inverse or leveraged exposure. The risk profile is low (risk level 2-3), consistent with a straightforward bond index tracking strategy. Costs are simple, with a TER of 0.25%, no performance fees, and no swap or derivative fees. Securities lending is used but does not increase costs and is disclosed transparently. The monthly factsheet confirms physical replication, direct bond holdings, and no use of swaps or complex structured products. The PRIIPs KID does not include any comprehension warnings or complexity flags. Overall, the fund exhibits none of the complexity indicators under MiFID II, such as synthetic replication, leverage, complex underlying assets, or capital protection features. Therefore, it is classified as non-complex."
}