{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Invesco US Treasury Bond 10+ Year UCITS ETF",
    "investment_objective": "To achieve the total return performance of the Bloomberg US Long Treasury Index, less fees, expenses and transaction costs.",
    "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 physically replicates the Bloomberg US Long Treasury Index using a sampling approach, holding a subset of the underlying US Treasury bonds with maturities over 10 years. There is no mention of synthetic replication, swap agreements, or derivative instruments used for investment purposes, only a note that derivatives may be used for risk management or cost reduction, which does not trigger complexity. The fund is UCITS compliant and uses physical securities lending with 90% revenue passed to investors. The risk profile is medium (4 out of 7 in PRIIPs KID), consistent with bond market risk but not indicating complexity. No leverage, inverse or amplified return features are present. The underlying assets are plain vanilla US Treasury bonds, which are liquid and transparent. No capital protection or structured features are described. Costs are straightforward with a low ongoing charge of 0.06% and no performance fees. The PRIIPs KID does not include any comprehension warnings or complexity flags. The monthly factsheet confirms physical replication, no synthetic or swap usage, and holdings consist entirely of investment grade US Treasury bonds. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}