{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The Amundi UK Government Inflation-Linked Bond UCITS ETF is a UCITS-compliant ETF that physically replicates the FTSE Actuaries UK Index-Linked Gilts All Stocks index by investing primarily in the underlying inflation-linked UK government bonds. The KIID and PRIIPs KID confirm the use of direct replication with possible sampling to optimize tracking, but no synthetic replication or swap usage is mentioned. The factsheet explicitly states the replication type as physical and does not indicate any use of funded or unfunded swaps or derivative instruments as part of the investment strategy. While the fund may use derivatives for risk management, this is not an inherent element of the strategy, so derivatives are marked false. There is no leverage, inverse or amplified exposure. The risk profile is moderate (5/7), reflecting market and credit risks typical of inflation-linked government bonds, but no complexity flags such as capital protection, structured features, or complex underlying assets are present. Costs are straightforward with a low ongoing charge and no performance fees or swap fees. Counterparty risk is limited to securities lending programs, which is common and not a complexity driver here. The underlying assets are liquid UK government inflation-linked bonds with good credit quality (AA- average rating). No references to complex bonds like CoCos, AT1, CLOs, or structured products are found. The index tracked is a standard government inflation-linked bond index without complex derivatives embedded. No PRIIPs comprehension warnings or complexity disclaimers are present. Therefore, the ETF is classified as non-complex under MiFID II criteria."
}