{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The UBS BBG US Treasury 7-10 UCITS ETF primarily invests in US Treasury bonds with maturities between 7 and 10 years, tracking the Bloomberg US 7-10 Year Treasury Bond Total Return Index. The fund uses physical full replication of the index, investing directly in the underlying securities. While the KIID and PRIIPs documents mention the possible use of derivatives to gain exposure or for efficiency, this is limited and not an inherent part of the investment strategy; derivatives are used only where direct replication is not possible or practical, and primarily for risk management or operational efficiency. There is no indication of synthetic replication, swap agreements, or funded/unfunded swaps. The fund does not employ leverage, inverse or amplified exposure, nor does it invest in complex underlying assets such as contingent convertible bonds or CLOs. The risk profile is moderate-low (risk category 3 in PRIIPs, 4 in KIID), consistent with direct bond exposure without leverage. Costs are straightforward with a low TER (0.07%) and no performance fees or swap fees. The fund is UCITS compliant and does not have capital protection or structured features. The monthly factsheet confirms physical full replication and no securities lending. No complexity flags such as significant counterparty risk, capital guarantees, or complex derivative usage are present. Therefore, under MiFID II criteria, this ETF is classified as non-complex."
}