{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares $ Treasury Bond 3-7yr UCITS ETF GBP Hedged (Acc) Share Class",
    "investment_objective": "To track the ICE U.S. Treasury 3-7 Year Bond Index by investing primarily in US government bonds with maturities between 3 and 7 years.",
    "primary_asset_class": "Bond",
    "geographic_focus": "United States",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS-compliant fund that physically invests in US Treasury bonds with maturities of 3-7 years, tracking the ICE U.S. Treasury 3-7 Year Bond Index. The fund uses a sampling methodology but invests directly in fixed income securities rather than synthetic replication. The KIID and PRIIPs KID documents confirm the use of financial derivative instruments only for currency hedging (FX forwards), which is considered risk management rather than an inherent part of the investment strategy, so derivatives are marked false. There is no mention of swap agreements, total return swaps, or counterparty exposure related to synthetic replication. The fund does not employ leverage, inverse or amplified exposure. The risk indicator is low (2-3 out of 7), consistent with a straightforward bond ETF. The monthly factsheet confirms physical holdings of US Treasury bonds (99.97%) and no use of swaps or complex structured products. Costs are simple with a TER of 0.10%, no performance fees, and no swap or derivative fees. There are no capital protection or structured features. The fund uses FX forwards solely for currency hedging of GBP shares against USD underlying assets, which does not trigger complexity under MiFID II. No complexity flags such as contingent convertible bonds, leverage, or synthetic replication are present. Overall, the fund is a plain vanilla, physically replicated bond ETF with minimal derivative use for hedging, low risk profile, and transparent underlying assets, leading to a non-complex classification under MiFID II."
}