{
    "fund_name": "Fidelity Global Government Bond Climate Aware UCITS ETF",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "Climate-aware index with decarbonization targets",
        "Potential for complex bond holdings (e.g., bonds with embedded options)",
        "Currency hedging may introduce additional complexity"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication to track the Solactive Paris Aware Global Government USD Index, which focuses on government bonds with climate-aware criteria. While the index has decarbonization targets, the fund's investment strategy is straightforward, investing directly in government bonds. The use of derivatives is limited to efficient portfolio management and currency hedging, which does not significantly alter the risk profile. The fund is UCITS-compliant, indicating it meets regulatory standards for retail investor suitability. The risk profile is classified as 4 (medium), which is typical for bond funds. There are no signs of leverage, inverse strategies, or synthetic replication. The primary complexity factors are the climate-aware index and potential for bonds with embedded options, but these do not rise to the level of making the fund 'complex' under MiFID II.",
    "confidence": 90
}