{
    "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 holding investment grade inflation-linked fixed income securities. The KIID and PRIIPs KID documents confirm that derivatives are used only for currency hedging purposes (e.g., FX forward contracts) and 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 does not employ leverage, inverse or amplified exposure, nor does it invest in complex underlying assets such as contingent convertible bonds or structured products. The risk profile is moderate low (risk level 3-4), consistent with a straightforward bond ETF. Costs are simple, with a TER of 0.20%, no performance fees, and no swap or derivative fees. The monthly factsheet confirms physical holdings of government inflation-linked bonds with no indication of synthetic or swap-based replication. Securities lending is used but revenue sharing does not increase costs materially. There are no capital protection or structured features. Overall, the fund exhibits a clear, linear relationship to the underlying index performance, with minimal derivative use limited to currency hedging, which does not trigger complexity under MiFID II. Therefore, the ETF should be classified as non-complex."
}