{
    "type": "ETF",
    "ucits": true,
    "replication_method": "physical",
    "leverage": false,
    "derivatives": false,
    "swaps": false,
    "inverse": false,
    "complex_factors": [],
    "classification": "non-complex",
    "supporting_data": "The UBS (Lux) Fund Solutions - Bloomberg US 10+ Year Treasury Bond UCITS ETF (hedged to EUR) is a UCITS-compliant ETF that primarily invests in US Treasury bonds with maturities over 10 years. The fund uses physical full replication of the Bloomberg US 10+ Year Treasury Bond Index, as confirmed by the factsheet. While the fund may use derivatives such as currency forwards for hedging currency risk, these are used solely for risk management and not as an inherent part of the investment strategy, so derivatives are marked false. There is no mention of synthetic replication, swap agreements, total return swaps, or counterparty risk beyond standard collateralized OTC derivative usage for currency hedging. The fund does not employ leverage, inverse or amplified exposure, nor does it invest in complex underlying assets like contingent convertible bonds or CLOs. The risk profile is medium (4 out of 7 in PRIIPs KID) or 6 in the KIID, reflecting bond market volatility but not complexity. Costs are straightforward with a low TER (0.07%) and no performance fees or swap fees. There are no capital protection or structured features. The fund is transparent, with a clear linear relationship to the underlying index performance. The PRIIPs KID does not include any comprehension warnings or complexity flags. The monthly factsheet confirms physical replication and no securities lending. Overall, the fund\u2019s structure, replication method, underlying assets, and risk disclosures indicate a non-complex financial instrument under MiFID II."
}