{
    "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 1-3 Year UCITS ETF aims to track the Bloomberg US Treasury 1-3 Year Index using a physical replication method with sampling techniques. There is no mention of synthetic replication, swap agreements, or derivative instruments used as part of the investment strategy. The fund uses FX forwards solely for currency hedging purposes, which is considered risk management rather than inherent derivative exposure. The fund does not employ leverage or inverse strategies. The underlying assets are investment grade US Treasury bonds with maturities between 1 and 3 years, which are liquid and transparent securities. The risk profile is low (risk category 2 out of 7), consistent with a straightforward bond index tracking fund. Costs are simple, with a low ongoing charge of 0.10% and no performance fees or swap fees. Securities lending is minimal and disclosed. There are no capital protection or structured product features. The PRIIPs KID does not include any comprehension warnings or complexity flags. The monthly factsheet confirms physical replication, no use of swaps, and a simple underlying asset base. Overall, the fund exhibits none of the complexity indicators under MiFID II and is therefore classified as non-complex."
}