{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Invesco Euro Government Bond 7-10 Year UCITS ETF",
    "investment_objective": "To achieve the performance of the Bloomberg Euro Government Select 7-10 Year Index, less fees, expenses and transaction costs.",
    "primary_asset_class": "bond",
    "geographic_focus": "Eurozone government bonds (France, Germany, Italy, Netherlands, Spain)",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS-compliant bond ETF that tracks the Bloomberg Euro Government Select 7-10 Year Index using a sampling technique. The KIID and PRIIPs KID documents confirm that the fund employs physical replication via direct purchase of underlying securities, with no mention of synthetic replication, swap agreements, or derivative instruments used as part of the investment strategy. The fund may use derivatives only for risk management purposes, which does not trigger complexity classification. There is no leverage, inverse exposure, or capital protection features. The risk rating is moderate (4 in KIID, 3 in PRIIPs KID), consistent with a straightforward bond ETF. Costs are simple with a low ongoing charge (0.14%) and no performance fees or swap fees. The underlying assets are liquid EUR-denominated government bonds with investment grade ratings. No complex structured products or contingent bonds are held. The PRIIPs KID does not include any comprehension warnings or complexity flags. The monthly factsheet (URL provided) does not indicate any use of swaps or derivatives beyond risk management. Overall, the fund exhibits a clear, linear relationship to the underlying index performance, physical replication, and straightforward risk profile, supporting a non-complex classification under MiFID II."
}