{
    "type": "ETF",
    "ucits": true,
    "fund_name": "Invesco US Treasury Bond 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 UCITS ETF is a passively managed ETF aiming to track the Bloomberg US Treasury Index using a sampling technique. The replication method is physical, as confirmed by the factsheet, with no indication of synthetic replication or use of swap agreements. The fund invests directly in US Treasury bonds, which are liquid, transparent, and investment grade. There is no leverage, inverse exposure, or capital protection mechanism. Derivative instruments may be used only for risk management or cost reduction, not as an inherent part of the investment strategy. The risk profile is medium-low (risk category 3 out of 7), consistent with a straightforward bond index tracking fund. Costs are simple, with a low ongoing charge (0.06%) and no performance fees or swap fees. The PRIIPs KID does not include any comprehension warnings or complexity flags. The fund does not invest in complex underlying assets such as contingent convertible bonds or CLOs. Securities lending is used but is a common practice and does not add complexity under MiFID II. Overall, the fund exhibits none of the complexity indicators such as synthetic replication, leverage, complex derivatives, or structured features. Therefore, it is classified as non-complex under MiFID II."
}