{
    "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 UCITS ETF aims to track the Bloomberg US Treasury 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, investment-grade government securities. The fund uses FX forwards solely for currency hedging purposes, which is considered risk management rather than an inherent derivative strategy, so derivatives are marked false. There is no leverage, inverse or amplified exposure. The risk indicator 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 does not add complexity under MiFID II. No capital protection or structured features are present. The underlying assets are plain vanilla US Treasury bonds, with no contingent convertible bonds or complex structured products. The fund is UCITS compliant and physically replicates the index with a clear, linear relationship to the underlying performance. Therefore, the ETF does not meet the MiFID II criteria for a complex financial instrument."
}