{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares $ Treasury Bond 1-3yr UCITS ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The iShares $ Treasury Bond 1-3yr UCITS ETF is a UCITS-compliant ETF that physically invests in US Treasury bonds with maturities between 1 and 3 years. The fund aims to track the ICE U.S. Treasury 1-3 Year Bond Index using physical replication and sampling techniques. While the fund may use financial derivative instruments (FDIs) for direct investment purposes or optimisation, these are not inherent to the investment strategy but rather for efficient portfolio management, thus derivatives are not considered a complexity driver here. There is no mention of synthetic replication, swap agreements, or counterparty exposure related to derivatives. The fund does not employ leverage, inverse or amplified exposure, nor does it invest in complex underlying assets such as contingent convertible bonds or structured products. The risk profile is low (risk level 2 out of 7), consistent with a straightforward fixed income strategy. Costs are simple, with a low ongoing charge of 0.07% and no performance fees or complex fee structures. The PRIIPs KID does not include any comprehension warnings or complexity flags. The monthly factsheet confirms physical holdings of US Treasury bonds (99.94%) and no use of swaps or synthetic structures. Overall, the fund exhibits a clear, linear relationship to the underlying index and invests directly in liquid, transparent securities, supporting a non-complex classification under MiFID II."
}