{
    "success": true,
    "data": {
        "leverage": false,
        "derivates": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "ucits": true,
        "type": "ETF",
        "complex_factors": "The Invesco US Treasury Bond UCITS ETF uses physical replication, tracks a US Treasury bond index, and employs currency hedging. The KID document does not mention derivatives being used for anything other than currency hedging. It does not appear to use leverage or have complex indices.",
        "classification": "non-complex",
        "supporting_data": "Based on the provided Key Investor Information Document (KIID) for the Invesco US Treasury Bond UCITS ETF, the asset is classified as non-complex. The ETF primarily uses physical replication to track the Bloomberg US Treasury Index. Derivatives are used, but only for the purpose of hedging currency risk, which is considered EPM. The underlying index is designed to measure the performance of US dollar-denominated, fixed-rate, nominal debt issued by the US Treasury. The ETF does not use leverage. Therefore, the ETF's structure and associated risks should be easily understood by investors with basic knowledge, thus supporting a non-complex classification. The KIID states the Share Class's risk category is 4 and that there is currency hedging risk. These alone don't constitute complexity, only risk disclosure."
    }
}