{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Invesco US Treasury Bond 3-7 Year UCITS ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The Invesco US Treasury Bond 3-7 Year UCITS ETF is a UCITS-compliant ETF that physically replicates the Bloomberg US Treasury 3-7 Year Index using a sampling technique. There is no indication of synthetic replication or use of swap agreements or total return swaps. The fund does not employ leverage or inverse exposure, and there are no capital protection or structured product features. The underlying assets are investment grade US Treasury bonds, which are liquid and transparent. The risk profile is low (risk category 2 out of 7 in PRIIPs KID, and 3 in KIID), consistent with a straightforward bond index tracking strategy. The fund uses FX forwards solely for currency hedging between the USD base currency and GBP share class currency, which is a risk management derivative use and does not trigger complexity. Costs are simple with a low ongoing charge of 0.10%, no performance fees, and no swap or derivative fees. Securities lending is used but is a common practice and does not add complexity. The PRIIPs KID does not carry any comprehension warnings or complexity flags. The monthly factsheet confirms physical replication, no leverage, no synthetic structures, and holdings exclusively in US Treasury bonds. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}