{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The Invesco US Treasury Bond 7-10 Year UCITS ETF aims to track the Bloomberg US Treasury 7-10 Year Index using a physical replication method with sampling techniques. There is no mention of synthetic replication, swap agreements, or derivative instruments used to achieve the investment objective. The fund invests directly in US Treasury bonds with maturities between 7 and 10 years, all investment grade, and does not include complex or contingent bonds. The PRIIPs KID confirms that derivatives may be used only for risk management purposes, not as an inherent part of the strategy, which aligns with 'derivatives' = false. There is no leverage, inverse or amplified exposure. The risk rating is moderate-low (3 out of 7), consistent with a straightforward bond ETF. Costs are simple with no performance fees or swap fees. Securities lending is used but is a common practice and does not add complexity under MiFID II. The monthly factsheet confirms 100% physical holdings in US Treasuries, no derivatives or swaps, and no leverage. No capital protection or structured features are present. Overall, the ETF exhibits none of the complexity indicators such as synthetic replication, leverage, complex underlying assets, or capital protection mechanisms. Therefore, it is classified as non-complex under MiFID II."
}