{
    "ucits": true,
    "type": "ETF",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "replication_method": "physical",
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The Amundi Global Government Inflation-Linked Bond 1-10Y UCITS ETF GBP Hedged Dist is a UCITS-compliant ETF that tracks the Bloomberg Barclays Global Inflation-Linked 1-10 Year Index via direct physical replication, primarily investing in the underlying securities of the benchmark index. It uses a currency hedging strategy to reduce GBP currency risk but does not embed derivatives as an inherent part of its investment objective or strategy; derivatives are only used for currency hedging, which is considered efficient portfolio management (EPM) and does not trigger complexity under MiFID II. There is no indication of leverage beyond UCITS limits, no embedded derivatives such as swaps or structured products, and no complex features like contingent convertible bonds or capital protection mechanisms. The ETF's structure and risks (market risk, tracking error, currency hedging risk) are transparent and understandable to a retail investor with basic knowledge. The underlying index is a transparent government inflation-linked bond index from developed markets, supporting non-complex classification. According to MiFID II Article 25(4)(a)(iv) and Article 57 criteria, UCITS ETFs using physical replication and limited derivative use for EPM are automatically non-complex. The ETF does not meet any criteria for complexity such as synthetic replication, embedded derivatives, significant leverage, or opaque index exposure. Therefore, it is classified as non-complex under MiFID II appropriateness rules."
}