{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares $ Treasury Bond 7-10yr UCITS ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS-compliant exchange-traded fund that aims to track the ICE U.S. Treasury 7-10 Year Bond Index by investing primarily in US government bonds with maturities between 7 and 10 years. The fund uses physical replication with a sampled methodology, directly investing in fixed income securities rather than synthetic replication or swap agreements. Although the fund may use financial derivative instruments (FDIs), these are only for direct investment purposes and not as an inherent part of the strategy, thus derivatives usage is minimal and for risk management or optimization only. There is no mention of funded or unfunded swaps, counterparty exposure related to swaps, or leverage. The risk indicator is moderate low (3 out of 7), consistent with a straightforward bond ETF. The fund does engage in short-term securities lending, but this does not increase complexity under MiFID II. Costs are simple, with a low ongoing charge of 0.07% and no performance fees or complex fee structures. The underlying assets are liquid, investment-grade US Treasury bonds, with no complex structured products or contingent convertible bonds. The PRIIPs KID does not include any comprehension warnings or complexity flags. The monthly factsheet confirms physical holdings of US Treasury bonds with no use of swaps or leverage. Overall, the fund exhibits a clear, linear relationship to the underlying index performance, with minimal derivative exposure and no leverage or capital protection features. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}