{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares $ Treasury Bond 3-7yr UCITS ETF USD (Dist)",
    "investment_objective": "To track the ICE U.S. Treasury 3-7 Year Bond Index by investing primarily in US government bonds with maturities between 3 and 7 years.",
    "primary_asset_class": "Fixed Income (US Treasury Bonds)",
    "geographic_focus": "United States",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS-compliant fund that physically invests in US Treasury bonds with maturities of 3-7 years, aiming to replicate the ICE U.S. Treasury 3-7 Year Bond Index. The fund uses sampling techniques and may use financial derivative instruments (FDIs) only for direct investment purposes or risk management, but no synthetic replication or swap agreements are mentioned. There is no leverage, inverse exposure, or capital protection features. The risk indicator is low (3 on a 7-point scale in KIID, 2 in PRIIPs KID), consistent with a straightforward fixed income product. The fund holds highly liquid, transparent government bonds with no complex underlying assets such as contingent convertible bonds or CLOs. The ongoing charges are low (0.07%), with no performance fees or complex fee structures. The monthly factsheet confirms physical replication and no use of swaps or synthetic structures. Counterparty risk disclosures relate only to standard operational counterparties (e.g., depositary, securities lending counterparties) and do not indicate significant complexity. There are no references to capital protection, structured features, or leverage. The PRIIPs KID does not include any comprehension warnings or complexity flags. Overall, the fund\u2019s structure and documentation indicate a non-complex ETF under MiFID II criteria."
}