{
    "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 10+ Year UCITS ETF aims to track the Bloomberg US Long Treasury Index using a physical replication method with sampling techniques. There is no mention of synthetic replication, swap agreements, or derivative instruments used inherently in the investment strategy. The fund uses FX forwards solely for currency hedging purposes, which is considered risk management rather than a core derivative strategy, so derivatives are marked false. There is no leverage, inverse or amplified exposure. The underlying assets are US Treasury bonds with maturities over 10 years, all investment grade, liquid, and straightforward fixed income securities. The fund is UCITS compliant and uses physical securities lending with a standard revenue sharing arrangement. The risk profile is medium (4 out of 7 in PRIIPs KID), consistent with bond market risk and currency hedging, but no complexity flags such as capital protection, contingent bonds, or structured features are present. Costs are simple with a low ongoing charge and no performance fees. The PRIIPs KID does not include any comprehension warnings or complexity flags. The monthly factsheet confirms physical holdings of US Treasuries, no use of swaps or synthetic replication, and no leverage. Overall, the fund exhibits a clear, linear relationship to the underlying index performance, with minimal derivative use limited to currency hedging, and no complex features or leverage. Therefore, under MiFID II, this ETF is classified as non-complex."
}