{
    "fund_name": "Amundi Global Government Inflation-Linked Bond 1-10Y UCITS ETF GBP Hedged Dist",
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": true,
    "swaps": true,
    "inverse": false,
    "complex_factors": [
        "Currency hedging using swaps",
        "Potential counterparty risk from swap agreements"
    ],
    "classification": "non-complex",
    "supporting_data": "The ETF uses physical replication for its core strategy, tracking the Bloomberg Barclays Global Inflation-Linked 1-10 Year Index. While it employs currency hedging via swaps (with Morgan Stanley Bank AG and Societe Generale), the exposure to any single counterparty is capped at 10% of fund assets, mitigating counterparty risk. The fact sheet confirms the replication is physical, and the swaps are used for hedging rather than as a core investment strategy. The risk profile (SRRI 3) and lack of leverage or inverse exposure suggest this is a straightforward bond ETF. The complexity factors are limited to the swap-based hedging, which is common in UCITS-compliant ETFs and does not materially alter the fund's risk profile.",
    "confidence": 90
}