{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The Invesco Euro Government Bond 3-5 Year UCITS ETF aims to track the Bloomberg Euro Government Select 3-5 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 holds direct investments in EUR-denominated government bonds from highly rated issuers (France, Germany, Italy, Netherlands, Spain) with maturities between 3 and 5 years. The risk profile is low (risk category 2 out of 7), consistent with a straightforward bond index tracking strategy. The fund is UCITS compliant, uses no leverage or inverse exposure, and derivatives are only used potentially for risk management or cost reduction, not as an inherent part of the strategy. The ongoing charges are low (0.10%), with no performance fees or complex fee structures. Securities lending is used but is a common practice and does not add complexity under MiFID II. The PRIIPs KID does not include any comprehension warnings or complexity flags. The monthly factsheet confirms physical holdings with no synthetic or swap-based replication. The underlying assets are liquid government bonds with transparent pricing and no complex structured products. There are no capital protection or structured features. Overall, the ETF exhibits none of the complexity indicators such as synthetic replication, leverage, complex underlying assets, or capital protection mechanisms that would classify it as complex under MiFID II."
}