{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [
        "No leverage or inverse exposure",
        "Physical replication method",
        "Investment in liquid government bonds",
        "No capital protection mechanisms",
        "No complex structured products"
    ],
    "classification": "non-complex",
    "supporting_data": "The iShares Global Inflation Linked Govt Bond UCITS ETF uses physical replication to track the Bloomberg Barclays World Government Inflation-Linked Bond Index. The fund invests directly in inflation-linked government bonds from developed markets, with no leverage, inverse exposure, or synthetic replication. The underlying assets are liquid investment-grade government bonds, and the fund does not employ complex derivatives or structured products. The risk profile is straightforward, with risks primarily related to credit, interest rates, and inflation. The fund's use of derivatives is limited to efficient portfolio management (e.g., securities lending), which does not materially alter the risk profile. The PRIIPs KID and fact sheet confirm the physical replication method and absence of complex strategies. Therefore, the fund is classified as non-complex under MiFID II.",
    "confidence": 95
}