{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": "The ETF tracks US Treasury bonds with maturities between 3-7 years. This alone would not imply complexity but ESMA could argue that any use of Derivatives is automatically complex and this is not mentioned in the data. The KID indicates securities lending but this is not significant enough to make the asset complex. Risk profile 3/7 does not indicate structural complexity.",
        "classification": "non-complex",
        "supporting_data": "The Invesco US Treasury Bond 3-7 Year UCITS ETF is presumed non-complex. The replication method is not mentioned in the data. The data provided describes the fund aims to track an index of US Treasury Bonds, and the ETF does not use derivatives for its investment objective. This is the only financial asset data to review, there is no mention of derivatives that can make a fund complex - as per the MiFID II rules. The risk profile, if any, is standard for the asset and it is open and well understood."
    }
}