{
    "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 Fund is a UCITS ETF that aims to track the Bloomberg Euro Government Select 7-10 Year Index using a sampling technique to select physical securities from the index. There is no mention of synthetic replication, swap agreements, or derivative instruments used for investment purposes. The Fund uses FX forwards only for currency hedging, which is considered risk management rather than an inherent derivative strategy, so derivatives are marked false. There is no leverage, inverse or amplified exposure. The underlying assets are EUR-denominated government bonds with investment grade ratings, which are liquid and transparent. The risk profile is moderate-low (risk category 3 in PRIIPs, 4 in KIID), consistent with a straightforward bond ETF. No capital protection or structured features are present. Costs are simple with a low ongoing charge (0.14%) and no performance fees. Securities lending is used but does not add complexity under MiFID II. The PRIIPs KID does not include any comprehension warnings or complexity flags. The monthly factsheet and prospectus confirm no use of swaps or synthetic replication. Overall, the ETF exhibits physical replication, invests in liquid government bonds, and uses derivatives only for hedging, leading to a non-complex classification under MiFID II."
}