{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares $ Treasury Bond 3-7yr UCITS ETF",
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The ETF aims 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. The fund uses a physical replication method with a sampled approach, investing directly in fixed income securities rather than synthetic replication or swaps. Although the fund may use financial derivative instruments (FDIs), these are limited to FX forward contracts for currency hedging and possibly for direct investment purposes, but not as an inherent element of the investment strategy. There is no mention of funded or unfunded swaps, total return swaps, or counterparty exposure related to derivatives. The fund does not employ leverage, inverse or amplified exposure. The risk profile is low (risk level 2 out of 7 in PRIIPs KID, and 3 in KIID), consistent with a straightforward bond ETF. Costs are simple with a low ongoing charge of 0.10%, no performance fees, and no complex fee structures. The fund holds highly liquid, investment-grade US Treasury bonds, with no complex underlying assets such as contingent convertible bonds or CLOs. The monthly factsheet confirms physical replication, no use of swaps, and direct holdings in US Treasury securities. The fund is UCITS compliant. There are no capital protection or structured features. The PRIIPs KID does not carry any comprehension warnings or complexity flags. Overall, the fund exhibits none of the MiFID II complexity indicators such as synthetic replication, leverage, complex underlying assets, or capital protection mechanisms. Therefore, it is classified as non-complex."
}