{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": [],
        "classification": "non-complex",
        "supporting_data": "The Invesco US Treasury Bond 0-1 Year UCITS ETF uses physical replication and aims to track the Bloomberg US Treasury Coupons Index. The KID document indicates that the fund uses foreign exchange transactions (typically FX forwards) to hedge currency risk between the fund's base currency (USD) and the share class currency (GBP). However, the document does not state that the primary strategy of the fund is reliant on derivatives. This limited derivative use is for hedging, and not central to the strategy. Securities lending is mentioned but described as a secondary feature. The fund is designed to track an investment-grade US Treasury index. The KID does not indicate significant leverage, embedded derivatives, or opaque features. The fund has an easily understood structure. ESMA guidance indicates any derivative use can indicate complexity, but this ETF's limited use for hedging does not appear to impact the risk-return profile."
    }
}