{
    "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 total return swaps in the KIID, PRIIPs KID, or factsheet. The fund invests directly in US Treasury bonds, which are liquid, transparent, and investment grade. The fund uses FX forwards solely for currency hedging between USD and GBP, which is a risk management derivative use and does not trigger complexity. There is no leverage, inverse exposure, or capital protection features. The risk rating is moderate-low (3 out of 7 in PRIIPs KID, 4 in KIID), consistent with a straightforward bond ETF. Costs are simple with a low ongoing charge (0.10%) and no performance fees or swap fees. Securities lending is disclosed but is a common practice and does not add complexity. The index tracked is a plain vanilla US Treasury bond index with no complex structured products or contingent bonds. No counterparty risk beyond normal securities lending and FX hedging is highlighted. No comprehension warnings or complexity flags appear in the PRIIPs KID. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}